Northwestern Mutual Wealth Management Co. Boosts Position in SPDR S&P Biotech ETF $XBI

Northwestern Mutual Wealth Management Co. raised its position in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 145.7% during the second quarter, Holdings Channel reports. The fund owned 314,224 shares of the exchange traded fund’s stock after acquiring an additional 186,314 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR S&P Biotech ETF were worth $49,726,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of XBI. Axiom Investment Management LLC bought a new stake in shares of SPDR S&P Biotech ETF during the 1st quarter valued at about $26,000. Financial Life Planners bought a new position in shares of SPDR S&P Biotech ETF in the 1st quarter worth approximately $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of SPDR S&P Biotech ETF in the 4th quarter worth approximately $27,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of SPDR S&P Biotech ETF in the fourth quarter worth approximately $30,000. Finally, SHP Wealth Management purchased a new position in shares of SPDR S&P Biotech ETF in the fourth quarter worth approximately $31,000.

SPDR S&P Biotech ETF Trading Up 0.6%

Shares of NYSEARCA XBI opened at $163.40 on Wednesday. The firm has a 50 day moving average of $157.44 and a 200 day moving average of $139.75. The firm has a market capitalization of $10.67 billion, a price-to-earnings ratio of 11.47 and a beta of 0.83. SPDR S&P Biotech ETF has a 12-month low of $91.10 and a 12-month high of $169.89.

SPDR S&P Biotech ETF 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.