China Universal Asset Management Co. Ltd. Sells 4,311 Shares of SPDR S&P Biotech ETF $XBI

China Universal Asset Management Co. Ltd. lessened its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 87.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 608 shares of the exchange traded fund’s stock after selling 4,311 shares during the quarter. China Universal Asset Management Co. Ltd.’s holdings in SPDR S&P Biotech ETF were worth $74,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the stock. Davis Capital Management acquired a new stake in shares of SPDR S&P Biotech ETF during the 3rd quarter valued at $35,000. Barnes Dennig Private Wealth Management LLC bought a new position in SPDR S&P Biotech ETF in the fourth quarter valued at about $48,000. Premier Financial Group bought a new position in SPDR S&P Biotech ETF in the third quarter valued at about $50,000. MMA Asset Management LLC acquired a new stake in shares of SPDR S&P Biotech ETF during the third quarter valued at about $59,000. Finally, Pier 88 Investment Partners LLC acquired a new stake in shares of SPDR S&P Biotech ETF during the third quarter valued at about $60,000.

SPDR S&P Biotech ETF Stock Performance

NYSEARCA:XBI opened at $133.28 on Monday. The stock’s 50-day moving average is $127.49 and its 200-day moving average is $122.14. SPDR S&P Biotech ETF has a 1-year low of $75.68 and a 1-year high of $139.19. The stock has a market cap of $8.76 billion, a P/E ratio of 11.47 and a beta of 0.88.

SPDR S&P Biotech ETF Company 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.