Peregrine Asset Advisers Inc. Sells 58,205 Shares of SPDR S&P Biotech ETF $XBI

Peregrine Asset Advisers Inc. reduced its holdings in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 95.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,019 shares of the exchange traded fund’s stock after selling 58,205 shares during the period. Peregrine Asset Advisers Inc.’s holdings in SPDR S&P Biotech ETF were worth $386,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of XBI. Financial Life Planners acquired a new stake in SPDR S&P Biotech ETF during the 1st quarter worth $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of SPDR S&P Biotech ETF in the 4th quarter valued at $27,000. Intesa Sanpaolo Wealth Management acquired a new position in shares of SPDR S&P Biotech ETF in the 4th quarter valued at $30,000. SHP Wealth Management bought a new position in shares of SPDR S&P Biotech ETF in the 4th quarter worth $31,000. Finally, Legacy Wealth Managment LLC ID bought a new position in shares of SPDR S&P Biotech ETF in the 4th quarter worth $32,000.

SPDR S&P Biotech ETF Stock Up 2.5%

Shares of SPDR S&P Biotech ETF stock opened at $160.46 on Friday. The business has a fifty day simple moving average of $136.95 and a 200 day simple moving average of $129.75. The stock has a market cap of $11.09 billion, a PE ratio of 11.47 and a beta of 0.81. SPDR S&P Biotech ETF has a 12 month low of $83.02 and a 12 month high of $160.82.

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. The Biotech Index is a modified equal weight index.