Fiduciary Trust Co Sells 579 Shares of SPDR S&P Biotech ETF (NYSEARCA:XBI)

Fiduciary Trust Co decreased its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 44,478 shares of the exchange traded fund’s stock after selling 579 shares during the period. Fiduciary Trust Co’s holdings in SPDR S&P Biotech ETF were worth $4,394,000 as of its most recent SEC filing.

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

SPDR S&P Biotech ETF Price Performance

XBI stock opened at $100.00 on Friday. The company has a 50 day moving average price of $98.31 and a 200 day moving average price of $96.48. SPDR S&P Biotech ETF has a fifty-two week low of $72.10 and a fifty-two week high of $105.47. The stock has a market capitalization of $7.62 billion, a PE ratio of 11.47 and a beta of 1.11.

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.