SPDR S&P Biotech ETF (NYSEARCA:XBI) Reaches New 12-Month High – Here’s What Happened

SPDR S&P Biotech ETF (NYSEARCA:XBI) shares hit a new 52-week high on Monday . The company traded as high as $118.66 and last traded at $118.7480, with a volume of 1308223 shares traded. The stock had previously closed at $116.65.

SPDR S&P Biotech ETF Trading Up 1.5%

The business has a 50 day moving average of $107.30 and a 200-day moving average of $93.42. The stock has a market cap of $7.37 billion, a PE ratio of 11.47 and a beta of 0.93.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Prime Capital Investment Advisors LLC lifted its stake in shares of SPDR S&P Biotech ETF by 37.9% during the 2nd quarter. Prime Capital Investment Advisors LLC now owns 9,939 shares of the exchange traded fund’s stock worth $824,000 after purchasing an additional 2,729 shares during the period. Farther Finance Advisors LLC grew its position in shares of SPDR S&P Biotech ETF by 574.5% in the second quarter. Farther Finance Advisors LLC now owns 7,082 shares of the exchange traded fund’s stock valued at $587,000 after purchasing an additional 6,032 shares during the period. N.E.W. Advisory Services LLC acquired a new position in SPDR S&P Biotech ETF in the first quarter valued at $95,000. Investment Partners Asset Management Inc. lifted its position in SPDR S&P Biotech ETF by 4.0% during the second quarter. Investment Partners Asset Management Inc. now owns 3,257 shares of the exchange traded fund’s stock worth $270,000 after buying an additional 125 shares during the period. Finally, RFG Advisory LLC purchased a new position in SPDR S&P Biotech ETF during the second quarter worth about $208,000.

SPDR S&P Biotech ETF Company 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.