Proficio Capital Partners LLC Has $3.64 Million Stake in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Proficio Capital Partners LLC increased its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 43.8% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 38,402 shares of the exchange traded fund’s stock after acquiring an additional 11,702 shares during the period. Proficio Capital Partners LLC owned about 0.05% of SPDR S&P Biotech ETF worth $3,644,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in XBI. ICA Group Wealth Management LLC bought a new position in shares of SPDR S&P Biotech ETF in the fourth quarter worth about $27,000. Scarborough Advisors LLC acquired a new position in shares of SPDR S&P Biotech ETF in the fourth quarter valued at approximately $32,000. BOCHK Asset Management Ltd bought a new stake in shares of SPDR S&P Biotech ETF in the fourth quarter worth $36,000. Tennessee Valley Asset Management Partners bought a new stake in shares of SPDR S&P Biotech ETF in the fourth quarter worth $44,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of SPDR S&P Biotech ETF in the fourth quarter worth $45,000.

SPDR S&P Biotech ETF Price Performance

NYSEARCA XBI traded up $1.18 on Tuesday, hitting $94.41. 7,651,410 shares of the stock were exchanged, compared to its average volume of 10,547,202. The business’s fifty day moving average is $91.09 and its 200 day moving average is $91.19. SPDR S&P Biotech ETF has a 52 week low of $63.80 and a 52 week high of $103.52. The company has a market capitalization of $7.20 billion, a PE ratio of 11.47 and a beta of 1.11.

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.