SPDR S&P Biotech ETF $XBI Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 26.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,012 shares of the exchange traded fund’s stock after selling 65,126 shares during the period. Allspring Global Investments Holdings LLC owned 0.25% of SPDR S&P Biotech ETF worth $21,510,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in XBI. Capital A Wealth Management LLC acquired a new stake in shares of SPDR S&P Biotech ETF in the second quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Biotech ETF during the second quarter valued at about $32,000. Davis Capital Management purchased a new position in shares of SPDR S&P Biotech ETF during the 3rd quarter valued at approximately $35,000. Halbert Hargrove Global Advisors LLC bought a new position in shares of SPDR S&P Biotech ETF during the third quarter worth about $40,000. Finally, Barnes Dennig Private Wealth Management LLC acquired a new stake in shares of SPDR S&P Biotech ETF during the 4th quarter valued at approximately $48,000.

SPDR S&P Biotech ETF Stock Performance

XBI stock opened at $128.96 on Friday. The stock’s fifty day moving average is $125.00 and its two-hundred day moving average is $118.21. The stock has a market capitalization of $8.62 billion, a price-to-earnings ratio of 11.47 and a beta of 0.93. SPDR S&P Biotech ETF has a 1 year low of $66.66 and a 1 year high of $132.09.

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. The Biotech Index is a modified equal weight index.