Institute for Wealth Management LLC. Increases Holdings in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Institute for Wealth Management LLC. grew its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 4.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,490 shares of the exchange traded fund’s stock after purchasing an additional 441 shares during the quarter. Institute for Wealth Management LLC.’s holdings in SPDR S&P Biotech ETF were worth $855,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. Oak Harvest Investment Services purchased a new stake in shares of SPDR S&P Biotech ETF during the 4th quarter valued at $2,633,000. Calton & Associates Inc. purchased a new stake in SPDR S&P Biotech ETF in the 4th quarter worth about $494,000. OLD National Bancorp IN purchased a new stake in SPDR S&P Biotech ETF in the 4th quarter worth about $450,000. Highland Capital Management LLC increased its holdings in SPDR S&P Biotech ETF by 10.4% in the 4th quarter. Highland Capital Management LLC now owns 25,509 shares of the exchange traded fund’s stock worth $2,297,000 after acquiring an additional 2,404 shares during the last quarter. Finally, Ibex Wealth Advisors purchased a new stake in SPDR S&P Biotech ETF in the 4th quarter worth about $1,473,000.

SPDR S&P Biotech ETF Stock Performance

Shares of XBI opened at $92.67 on Friday. The business has a 50-day moving average of $93.24 and a 200 day moving average of $96.72. SPDR S&P Biotech ETF has a fifty-two week low of $81.14 and a fifty-two week high of $105.47. The firm has a market cap of $7.06 billion, a P/E ratio of 11.47 and a beta of 1.11.

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.