Parkside Investments LLC Sells 8,924 Shares of SPDR S&P Biotech ETF $XBI

Parkside Investments LLC lowered its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 9.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 84,247 shares of the exchange traded fund’s stock after selling 8,924 shares during the period. SPDR S&P Biotech ETF comprises about 1.3% of Parkside Investments LLC’s investment portfolio, making the stock its 24th biggest position. Parkside Investments LLC owned 0.13% of SPDR S&P Biotech ETF worth $10,272,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Legacy Wealth Managment LLC ID bought a new position in shares of SPDR S&P Biotech ETF during the 4th quarter valued at $32,000. Ballast Advisors LLC bought a new position in shares of SPDR S&P Biotech ETF during the 4th quarter valued at $36,000. Creative Financial Designs Inc. ADV bought a new position in shares of SPDR S&P Biotech ETF during the 4th quarter valued at $39,000. Navalign LLC bought a new position in shares of SPDR S&P Biotech ETF during the 4th quarter valued at $48,000. Finally, Barnes Dennig Private Wealth Management LLC bought a new position in shares of SPDR S&P Biotech ETF during the 4th quarter valued at $48,000.

SPDR S&P Biotech ETF Stock Performance

XBI stock opened at $131.66 on Tuesday. SPDR S&P Biotech ETF has a 52 week low of $78.00 and a 52 week high of $139.19. The firm’s fifty day moving average is $130.00 and its 200 day moving average is $125.32. The firm has a market cap of $8.40 billion, a P/E ratio of 11.47 and a beta of 0.85.

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. The Biotech Index is a modified equal weight index.