SPDR S&P Biotech ETF $XBI Shares Sold by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC cut its stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 37.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,092 shares of the exchange traded fund’s stock after selling 10,626 shares during the quarter. EverSource Wealth Advisors LLC’s holdings in SPDR S&P Biotech ETF were worth $2,311,000 at the end of the most recent reporting period.

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

SPDR S&P Biotech ETF Trading Down 1.2%

NYSEARCA:XBI opened at $147.91 on Thursday. The company’s 50-day moving average price is $145.48 and its 200-day moving average price is $134.07. The company 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 twelve month low of $84.39 and a twelve month high of $165.71.

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.