Viewpoint Capital Management LLC Trims Stake in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Viewpoint Capital Management LLC lessened its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 50.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,000 shares of the exchange traded fund’s stock after selling 1,000 shares during the period. Viewpoint Capital Management LLC’s holdings in SPDR S&P Biotech ETF were worth $95,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. ICA Group Wealth Management LLC bought a new stake in shares of SPDR S&P Biotech ETF during the 4th quarter worth approximately $27,000. Scarborough Advisors LLC bought a new stake in shares of SPDR S&P Biotech ETF during the fourth quarter worth $32,000. BOCHK Asset Management Ltd purchased a new stake in SPDR S&P Biotech ETF in the 4th quarter valued at about $36,000. Tennessee Valley Asset Management Partners bought a new position in SPDR S&P Biotech ETF in the 4th quarter worth about $44,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in shares of SPDR S&P Biotech ETF during the fourth quarter worth approximately $45,000.

SPDR S&P Biotech ETF Stock Performance

XBI traded down $0.15 during trading on Friday, hitting $92.71. 7,872,582 shares of the stock were exchanged, compared to its average volume of 10,728,328. SPDR S&P Biotech ETF has a 1 year low of $63.80 and a 1 year high of $103.52. The firm has a 50 day simple moving average of $89.95 and a 200 day simple moving average of $90.72. The firm has a market cap of $7.07 billion, a price-to-earnings ratio of 11.47 and a beta of 1.11.

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.