Pinnacle Associates Ltd. Grows Stock Holdings in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Pinnacle Associates Ltd. boosted its stake in SPDR S&P Biotech ETF (NYSEARCA:XBIGet Rating) by 33.8% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,434 shares of the exchange traded fund’s stock after purchasing an additional 4,408 shares during the quarter. Pinnacle Associates Ltd.’s holdings in SPDR S&P Biotech ETF were worth $1,952,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. JFS Wealth Advisors LLC bought a new stake in shares of SPDR S&P Biotech ETF in the 3rd quarter worth about $25,000. HighMark Wealth Management LLC bought a new stake in shares of SPDR S&P Biotech ETF in the 3rd quarter worth about $31,000. Ancora Advisors LLC increased its holdings in shares of SPDR S&P Biotech ETF by 89.3% in the 3rd quarter. Ancora Advisors LLC now owns 248 shares of the exchange traded fund’s stock worth $31,000 after buying an additional 117 shares during the last quarter. EPG Wealth Management LLC bought a new stake in shares of SPDR S&P Biotech ETF in the 3rd quarter worth about $33,000. Finally, Ritter Daniher Financial Advisory LLC bought a new stake in shares of SPDR S&P Biotech ETF in the 3rd quarter worth about $38,000.

SPDR S&P Biotech ETF stock opened at $90.34 on Monday. SPDR S&P Biotech ETF has a twelve month low of $80.34 and a twelve month high of $141.50. The company’s 50-day moving average price is $90.17 and its 200-day moving average price is $106.86.

About SPDR S&P Biotech ETF (Get Rating)

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.

Recommended Stories

Institutional Ownership by Quarter for SPDR S&P Biotech ETF (NYSEARCA:XBI)

Receive News & Ratings for SPDR S&P Biotech ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Biotech ETF and related companies with MarketBeat.com's FREE daily email newsletter.