Meitav Dash Investments Ltd. Trims Stock Position in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Meitav Dash Investments Ltd. cut its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBIGet Rating) by 3.3% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 106,989 shares of the exchange traded fund’s stock after selling 3,695 shares during the period. Meitav Dash Investments Ltd.’s holdings in SPDR S&P Biotech ETF were worth $9,616,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in XBI. Axiom Investment Management LLC acquired a new stake in SPDR S&P Biotech ETF during the 4th quarter valued at $25,000. Integrity Financial Corp WA purchased a new position in shares of SPDR S&P Biotech ETF during the 4th quarter worth $29,000. Norwood Financial Corp raised its position in shares of SPDR S&P Biotech ETF by 292.9% in the 1st quarter. Norwood Financial Corp now owns 275 shares of the exchange traded fund’s stock worth $25,000 after buying an additional 205 shares during the period. Tortoise Investment Management LLC purchased a new position in shares of SPDR S&P Biotech ETF in the 1st quarter worth $25,000. Finally, Concorde Financial Corp purchased a new position in shares of SPDR S&P Biotech ETF in the 4th quarter worth $33,000.

SPDR S&P Biotech ETF Trading Up 4.0 %

Shares of NYSEARCA XBI opened at $92.30 on Friday. SPDR S&P Biotech ETF has a 12-month low of $61.78 and a 12-month high of $136.61. The stock has a fifty day moving average price of $76.52 and a 200 day moving average price of $81.85.

About SPDR S&P Biotech ETF

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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.

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Institutional Ownership by Quarter for SPDR S&P Biotech ETF (NYSEARCA:XBI)

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