Viewpoint Capital Management LLC Takes Position in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Viewpoint Capital Management LLC bought a new stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,000 shares of the exchange traded fund’s stock, valued at approximately $180,000.

Several other institutional investors have also recently bought and sold shares of XBI. Golden State Wealth Management LLC bought a new stake in SPDR S&P Biotech ETF in the 4th quarter valued at approximately $29,000. Avior Wealth Management LLC lifted its stake in SPDR S&P Biotech ETF by 393.6% in the 4th quarter. Avior Wealth Management LLC now owns 385 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 307 shares in the last quarter. Tidemark LLC lifted its stake in SPDR S&P Biotech ETF by 101.5% in 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. Quintet Private Bank Europe S.A. bought a new stake in SPDR S&P Biotech ETF in the 3rd quarter valued at approximately $40,000. Finally, ORG Wealth Partners LLC acquired a new position in shares of SPDR S&P Biotech ETF during the 3rd quarter worth approximately $44,000.

SPDR S&P Biotech ETF Stock Down 1.4 %

NYSEARCA:XBI opened at $89.05 on Wednesday. The firm has a market capitalization of $6.79 billion, a price-to-earnings ratio of 11.47 and a beta of 1.11. SPDR S&P Biotech ETF has a twelve month low of $81.14 and a twelve month high of $105.47. The stock’s 50 day moving average price is $92.23 and its two-hundred day moving average price is $96.30.

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.