First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT) Reaches New 1-Year High at $162.54

First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $162.54 and last traded at $162.54, with a volume of 2706 shares changing hands. The stock had previously closed at $159.62.

First Trust NYSE Arca Biotechnology Index Fund Stock Performance

The firm has a fifty day simple moving average of $152.25 and a 200-day simple moving average of $151.74. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of 17.20 and a beta of 0.86.

Institutional Investors Weigh In On First Trust NYSE Arca Biotechnology Index Fund

Hedge funds and other institutional investors have recently modified their holdings of the company. Independence Bank of Kentucky acquired a new stake in shares of First Trust NYSE Arca Biotechnology Index Fund during the first quarter worth $31,000. Principal Securities Inc. bought a new stake in shares of First Trust NYSE Arca Biotechnology Index Fund during the fourth quarter worth about $32,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of First Trust NYSE Arca Biotechnology Index Fund by 14.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 932 shares of the company’s stock worth $148,000 after purchasing an additional 118 shares during the last quarter. Main Street Financial Solutions LLC bought a new stake in shares of First Trust NYSE Arca Biotechnology Index Fund during the fourth quarter worth about $201,000. Finally, Jones Financial Companies Lllp bought a new stake in shares of First Trust NYSE Arca Biotechnology Index Fund during the fourth quarter worth about $201,000.

First Trust NYSE Arca Biotechnology Index Fund Company Profile

The First Trust NYSE Arca Biotechnology Index Fund (FBT) is an exchange-traded fund that is based on the NYSE Arca Biotechnology index. The fund tracks an equal-weighted index of US biotechnology stocks. FBT was launched on Jun 19, 2006 and is managed by First Trust.