Parallel Advisors LLC Purchases 1,568 Shares of SPDR S&P Biotech ETF (NYSEARCA:XBI)

Parallel Advisors LLC raised its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 3.8% during the 4th quarter, Holdings Channel.com reports. The fund owned 42,574 shares of the exchange traded fund’s stock after acquiring an additional 1,568 shares during the period. Parallel Advisors LLC’s holdings in SPDR S&P Biotech ETF were worth $3,834,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Kohmann Bosshard Financial Services LLC bought a new position in SPDR S&P Biotech ETF during the 4th quarter valued at $29,000. Golden State Wealth Management LLC bought a new position in SPDR S&P Biotech ETF during the 4th quarter valued at $29,000. Avior Wealth Management LLC lifted its stake 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 in the last quarter. Tidemark LLC lifted its stake in SPDR S&P Biotech ETF by 101.5% during the 3rd quarter. Tidemark LLC now owns 395 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 199 shares in the last quarter. Finally, Bank of Jackson Hole Trust bought a new position in SPDR S&P Biotech ETF during the 4th quarter valued at $43,000.

SPDR S&P Biotech ETF Trading Up 1.3 %

Shares of NYSEARCA:XBI opened at $88.29 on Tuesday. The stock’s fifty day simple moving average is $89.98 and its two-hundred day simple moving average is $94.69. SPDR S&P Biotech ETF has a 1-year low of $81.14 and a 1-year high of $105.47. The stock has a market cap of $5.72 billion, a PE ratio of 11.47 and a beta of 0.99.

SPDR S&P Biotech ETF 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.