Equitable Trust Co. Purchases Shares of 2,138 SPDR S&P Biotech ETF (NYSEARCA:XBI)

Equitable Trust Co. acquired a new position in SPDR S&P Biotech ETF (NYSEARCA:XBI) during the 3rd quarter, Holdings Channel.com reports. The institutional investor acquired 2,138 shares of the exchange traded fund’s stock, valued at approximately $211,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. ORG Partners LLC acquired a new stake in SPDR S&P Biotech ETF during the 2nd quarter valued at $40,000. Quintet Private Bank Europe S.A. acquired a new position in SPDR S&P Biotech ETF during the third quarter valued at $40,000. ORG Wealth Partners LLC purchased a new stake in SPDR S&P Biotech ETF in the 3rd quarter worth about $44,000. Waldron Private Wealth LLC acquired a new stake in SPDR S&P Biotech ETF during the 3rd quarter worth about $54,000. Finally, Resources Management Corp CT ADV grew its stake in SPDR S&P Biotech ETF by 30.3% during the 2nd quarter. Resources Management Corp CT ADV now owns 593 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 138 shares in the last quarter.

SPDR S&P Biotech ETF Stock Performance

SPDR S&P Biotech ETF stock opened at $104.18 on Monday. The firm’s 50 day moving average price is $98.96 and its two-hundred day moving average price is $95.68. The firm has a market cap of $7.94 billion, a PE ratio of 11.47 and a beta of 1.11. SPDR S&P Biotech ETF has a twelve month low of $64.99 and a twelve month high of $104.22.

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.