Asset Management Group Inc. Reduces Stake in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Asset Management Group Inc. cut its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 2.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 23,648 shares of the exchange traded fund’s stock after selling 498 shares during the quarter. Asset Management Group Inc.’s holdings in SPDR S&P Biotech ETF were worth $2,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of XBI. Demars Financial Group LLC acquired a new stake in shares of SPDR S&P Biotech ETF in the fourth quarter worth $280,309,000. BlueCrest Capital Management Ltd acquired a new stake in SPDR S&P Biotech ETF during the 4th quarter worth about $138,051,000. RA Capital Management L.P. purchased a new position in shares of SPDR S&P Biotech ETF during the 4th quarter valued at about $110,615,000. Proficio Capital Partners LLC boosted its stake in shares of SPDR S&P Biotech ETF by 16,156.1% in the fourth quarter. Proficio Capital Partners LLC now owns 917,329 shares of the exchange traded fund’s stock worth $82,615,000 after buying an additional 911,686 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in SPDR S&P Biotech ETF during the fourth quarter worth about $55,529,000.

SPDR S&P Biotech ETF Trading Up 1.2 %

Shares of XBI stock opened at $83.50 on Friday. SPDR S&P Biotech ETF has a twelve month low of $66.66 and a twelve month high of $105.47. The stock has a market cap of $5.30 billion, a P/E ratio of 11.47 and a beta of 1.00. The stock has a 50 day moving average of $81.66 and a 200 day moving average of $89.99.

SPDR S&P Biotech ETF Profile

SPDR S&P Biotech ETF (the Fund) seeks to closely match the returns and characteristics of the S&P Biotechnology Select Industry Index. The S&P Biotechnology Select Industry Index represents the biotechnology sub-industry portion of the S&P Total Markets Index. The S&P TMI tracks all the United States common stocks listed on the New York Stock Exchange, American Stock Exchange, National Association of Securities Dealers Automated Quotation (NASDAQ) National Market and NASDAQ Small Cap exchanges.