First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT) Stock Price Up 0.3% – Here’s Why

First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT)’s share price traded up 0.3% during mid-day trading on Wednesday. The stock traded as high as $274.25 and last traded at $272.46. 58,524 shares changed hands during trading, a decline of 46% from the average session volume of 108,956 shares. The stock had previously closed at $271.77.

First Trust NYSE Arca Biotechnology Index Fund Trading Up 0.3%

The stock’s 50-day moving average is $267.42 and its 200-day moving average is $241.72. The firm has a market capitalization of $3.00 billion, a price-to-earnings ratio of 21.72 and a beta of 0.66.

Institutional Trading of First Trust NYSE Arca Biotechnology Index Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Sequent Planning LLC increased its holdings in shares of First Trust NYSE Arca Biotechnology Index Fund by 4.5% during the first quarter. Sequent Planning LLC now owns 1,150 shares of the company’s stock worth $231,000 after buying an additional 50 shares in the last quarter. HF Advisory Group LLC lifted its stake in shares of First Trust NYSE Arca Biotechnology Index Fund by 5.0% in the 2nd quarter. HF Advisory Group LLC now owns 1,270 shares of the company’s stock valued at $315,000 after acquiring an additional 60 shares during the last quarter. American Financial Advisors LLC lifted its stake in shares of First Trust NYSE Arca Biotechnology Index Fund by 3.2% in the 1st quarter. American Financial Advisors LLC now owns 2,013 shares of the company’s stock valued at $404,000 after acquiring an additional 62 shares during the last quarter. Capital Analysts LLC lifted its stake in shares of First Trust NYSE Arca Biotechnology Index Fund by 39.3% in the 2nd quarter. Capital Analysts LLC now owns 227 shares of the company’s stock valued at $56,000 after acquiring an additional 64 shares during the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its stake in shares of First Trust NYSE Arca Biotechnology Index Fund by 2.5% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 4,241 shares of the company’s stock valued at $1,155,000 after acquiring an additional 103 shares during the last quarter.

About First Trust NYSE Arca Biotechnology Index Fund

The First Trust NYSE Arca Biotechnology Index Fund (FBT) is an exchange-traded fund that is based on the NYSE Arca Biotechnology index. The fund tracks an equal-weighted index of US biotechnology stocks. FBT was launched on Jun 19, 2006 and is managed by First Trust.