SPDR S&P Biotech ETF (NYSEARCA:XBI) Shares Sold by Alpha Cubed Investments LLC

Alpha Cubed Investments LLC lessened its holdings in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 97.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,819 shares of the exchange traded fund’s stock after selling 227,549 shares during the quarter. Alpha Cubed Investments LLC’s holdings in SPDR S&P Biotech ETF were worth $524,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Tidemark LLC lifted its position in shares of SPDR S&P Biotech ETF by 101.5% in the 3rd quarter. Tidemark LLC now owns 395 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 199 shares during the last quarter. Quintet Private Bank Europe S.A. acquired a new stake in SPDR S&P Biotech ETF during the third quarter worth about $40,000. ORG Wealth Partners LLC bought a new position in SPDR S&P Biotech ETF in the third quarter worth about $44,000. Howe & Rusling Inc. acquired a new position in SPDR S&P Biotech ETF in the third quarter valued at approximately $49,000. Finally, Waldron Private Wealth LLC bought a new position in shares of SPDR S&P Biotech ETF during the third quarter valued at approximately $54,000.

SPDR S&P Biotech ETF Trading Up 2.9 %

Shares of SPDR S&P Biotech ETF stock opened at $90.51 on Wednesday. SPDR S&P Biotech ETF has a twelve month low of $81.14 and a twelve month high of $105.47. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 11.47 and a beta of 1.11. The business’s 50 day simple moving average is $93.58 and its 200-day simple moving average is $96.95.

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.