Point72 Hong Kong Ltd Purchases New Holdings in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Point72 Hong Kong Ltd acquired a new position in SPDR S&P Biotech ETF (NYSEARCA:XBI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,000 shares of the exchange traded fund’s stock, valued at approximately $296,000.

Several other institutional investors also recently modified their holdings of the company. Tidemark LLC boosted its position in shares of SPDR S&P Biotech ETF by 101.5% during the 3rd quarter. Tidemark LLC now owns 395 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 199 shares in the last quarter. ORG Partners LLC bought a new position in SPDR S&P Biotech ETF during the second quarter worth about $40,000. Quintet Private Bank Europe S.A. acquired a new stake in SPDR S&P Biotech ETF during the third quarter valued at approximately $40,000. ORG Wealth Partners LLC bought a new stake in shares of SPDR S&P Biotech ETF in the 3rd quarter valued at approximately $44,000. Finally, Howe & Rusling Inc. acquired a new position in shares of SPDR S&P Biotech ETF in the 3rd quarter worth approximately $49,000.

SPDR S&P Biotech ETF Price Performance

Shares of XBI stock opened at $99.31 on Tuesday. The stock’s fifty day simple moving average is $98.22 and its 200 day simple moving average is $96.64. SPDR S&P Biotech ETF has a one year low of $77.21 and a one year high of $105.47. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 11.47 and a beta of 1.11.

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.