JTC Employer Solutions Trustee Ltd Reduces Stock Holdings in SPDR S&P Biotech ETF $XBI

JTC Employer Solutions Trustee Ltd cut its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 98.2% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 1,550 shares of the exchange traded fund’s stock after selling 83,195 shares during the period. JTC Employer Solutions Trustee Ltd’s holdings in SPDR S&P Biotech ETF were worth $198,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Financial Life Planners acquired a new position in shares of SPDR S&P Biotech ETF during the first quarter worth $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in SPDR S&P Biotech ETF during the 4th quarter worth $27,000. Intesa Sanpaolo Wealth Management purchased a new stake in SPDR S&P Biotech ETF during the 4th quarter worth $30,000. SHP Wealth Management acquired a new position in SPDR S&P Biotech ETF in the 4th quarter worth $31,000. Finally, Legacy Wealth Managment LLC ID acquired a new position in SPDR S&P Biotech ETF in the 4th quarter worth $32,000.

SPDR S&P Biotech ETF Price Performance

NYSEARCA:XBI opened at $147.91 on Thursday. The firm has a 50-day moving average of $145.48 and a two-hundred day moving average of $134.07. The stock has a market cap of $9.73 billion, a P/E ratio of 11.47 and a beta of 0.82. SPDR S&P Biotech ETF has a 1-year low of $84.39 and a 1-year high of $165.71.

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. The Biotech Index is a modified equal weight index.