Stifel Financial Corp Lowers Position in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Stifel Financial Corp trimmed its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 28.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 206,738 shares of the exchange traded fund’s stock after selling 81,371 shares during the quarter. Stifel Financial Corp owned 0.27% of SPDR S&P Biotech ETF worth $18,620,000 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. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of SPDR S&P Biotech ETF in the fourth quarter valued at $29,000. Golden State Wealth Management LLC purchased a new position in SPDR S&P Biotech ETF during the 4th quarter valued at about $29,000. Avior Wealth Management LLC boosted its holdings in SPDR S&P Biotech ETF by 393.6% during 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 during the period. Lee Danner & Bass Inc. acquired a new position in SPDR S&P Biotech ETF in the 4th quarter valued at about $38,000. Finally, Bank of Jackson Hole Trust purchased a new stake in SPDR S&P Biotech ETF during the fourth quarter worth about $43,000.

SPDR S&P Biotech ETF Stock Performance

NYSEARCA XBI opened at $80.25 on Friday. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 11.47 and a beta of 1.00. The firm has a 50 day simple moving average of $82.53 and a 200-day simple moving average of $90.52. SPDR S&P Biotech ETF has a one year low of $66.66 and a one year high of $105.47.

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.