DAFNA Capital Management LLC Sells 4,000 Shares of SPDR S&P Biotech ETF (NYSEARCA:XBI)

DAFNA Capital Management LLC lowered its stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 1.0% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 397,505 shares of the exchange traded fund’s stock after selling 4,000 shares during the quarter. SPDR S&P Biotech ETF comprises about 9.1% of DAFNA Capital Management LLC’s holdings, making the stock its largest position. DAFNA Capital Management LLC’s holdings in SPDR S&P Biotech ETF were worth $35,799,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Golden State Wealth Management LLC acquired a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at approximately $29,000. Kohmann Bosshard Financial Services LLC purchased a new position in shares of SPDR S&P Biotech ETF in the fourth quarter valued at $29,000. Avior Wealth Management LLC grew its holdings in SPDR S&P Biotech ETF by 393.6% during the 4th quarter. Avior Wealth Management LLC now owns 385 shares of the exchange traded fund’s stock valued at $35,000 after purchasing an additional 307 shares in the last quarter. Lee Danner & Bass Inc. acquired a new stake in SPDR S&P Biotech ETF during the 4th quarter valued at $38,000. Finally, Bank of Jackson Hole Trust purchased a new stake in SPDR S&P Biotech ETF during the 4th quarter worth $43,000.

SPDR S&P Biotech ETF Price Performance

NYSEARCA:XBI opened at $77.35 on Thursday. The firm has a 50-day moving average of $81.12 and a two-hundred day moving average of $89.56. The stock has a market cap of $4.91 billion, a P/E ratio of 11.47 and a beta of 1.00. SPDR S&P Biotech ETF has a 1-year low of $66.66 and a 1-year high of $105.47.

About SPDR S&P Biotech ETF

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.