SPDR S&P Biotech ETF $XBI Stock Sold by Balefire LLC

Balefire LLC cut its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 35.0% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 14,216 shares of the exchange traded fund’s stock after selling 7,662 shares during the period. Balefire LLC’s holdings in SPDR S&P Biotech ETF were worth $2,242,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of XBI. Angeles Wealth Management LLC purchased a new stake in SPDR S&P Biotech ETF during the second quarter worth $28,000. Axiom Investment Management LLC bought a new position in shares of SPDR S&P Biotech ETF in the 1st quarter worth $26,000. Financial Life Planners bought a new position in shares of SPDR S&P Biotech ETF in the 1st quarter worth $27,000. Morling Financial Advisors LLC purchased a new stake in shares of SPDR S&P Biotech ETF during the 2nd quarter worth $36,000. Finally, SHP Wealth Management bought a new stake in SPDR S&P Biotech ETF during the fourth quarter valued at about $31,000.

SPDR S&P Biotech ETF Stock Performance

XBI stock traded up $4.48 during trading on Friday, reaching $153.77. 12,125,512 shares of the company traded hands, compared to its average volume of 9,168,406. The business has a 50 day simple moving average of $158.46 and a 200 day simple moving average of $145.91. SPDR S&P Biotech ETF has a 12 month low of $103.43 and a 12 month high of $169.89. The company has a market capitalization of $10.05 billion, a price-to-earnings ratio of 11.47 and a beta of 0.83.

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. The Biotech Index is a modified equal weight index.