SPDR S&P Biotech ETF (NYSEARCA:XBI) Hits New 1-Year Low – What’s Next?

SPDR S&P Biotech ETF (NYSEARCA:XBI)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as $69.24 and last traded at $69.72, with a volume of 2614060 shares. The stock had previously closed at $73.66.

SPDR S&P Biotech ETF Stock Performance

The stock has a market cap of $4.72 billion, a PE ratio of 11.47 and a beta of 1.00. The business has a 50 day moving average price of $86.82 and a two-hundred day moving average price of $92.53.

SPDR S&P Biotech ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a $0.0053 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Investors Weigh In On SPDR S&P Biotech ETF

Several large investors have recently made changes to their positions in the business. Kohmann Bosshard Financial Services LLC bought a new position in SPDR S&P Biotech ETF during the fourth quarter valued at about $29,000. Golden State Wealth Management LLC bought a new position in shares of SPDR S&P Biotech ETF during the 4th quarter valued at approximately $29,000. Avior Wealth Management LLC grew its position in shares of SPDR S&P Biotech ETF by 393.6% during the 4th quarter. Avior Wealth Management LLC now owns 385 shares of the exchange traded fund’s stock valued at $35,000 after acquiring an additional 307 shares during the period. Lee Danner & Bass Inc. bought a new stake in shares of SPDR S&P Biotech ETF in the 4th quarter worth approximately $38,000. Finally, Bank of Jackson Hole Trust purchased a new position in SPDR S&P Biotech ETF in the fourth quarter valued at approximately $43,000.

About SPDR S&P Biotech ETF

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.