CI Investments Inc. Has $2.99 Million Holdings in SPDR S&P Biotech ETF $XBI

CI Investments Inc. cut its position in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 62.2% in the first quarter, Holdings Channel reports. The firm owned 23,379 shares of the exchange traded fund’s stock after selling 38,494 shares during the period. CI Investments Inc.’s holdings in SPDR S&P Biotech ETF were worth $2,986,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in XBI. Financial Life Planners acquired a new position in SPDR S&P Biotech ETF in the first quarter worth approximately $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in SPDR S&P Biotech ETF during the fourth quarter valued at approximately $27,000. Intesa Sanpaolo Wealth Management acquired a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at approximately $30,000. SHP Wealth Management acquired a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at approximately $31,000. Finally, Legacy Wealth Managment LLC ID acquired a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at approximately $32,000.

SPDR S&P Biotech ETF Stock Down 1.1%

XBI stock opened at $150.48 on Friday. The firm has a 50 day moving average of $144.24 and a two-hundred day moving average of $133.44. SPDR S&P Biotech ETF has a 12 month low of $84.39 and a 12 month high of $165.71. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 11.47 and a beta of 0.82.

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.