Eagle Wealth Strategies LLC Cuts Stake in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Eagle Wealth Strategies LLC lessened its stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 26.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,954 shares of the exchange traded fund’s stock after selling 1,089 shares during the quarter. Eagle Wealth Strategies LLC’s holdings in SPDR S&P Biotech ETF were worth $266,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Tidemark LLC raised its holdings in SPDR S&P Biotech ETF by 101.5% in the third quarter. Tidemark LLC now owns 395 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 199 shares during the last quarter. Quintet Private Bank Europe S.A. purchased a new position in SPDR S&P Biotech ETF in the 3rd quarter worth approximately $40,000. ORG Wealth Partners LLC bought a new position in SPDR S&P Biotech ETF in the 3rd quarter valued at approximately $44,000. Howe & Rusling Inc. purchased a new stake in SPDR S&P Biotech ETF during the 3rd quarter valued at $49,000. Finally, Waldron Private Wealth LLC bought a new stake in shares of SPDR S&P Biotech ETF in the 3rd quarter worth $54,000.

SPDR S&P Biotech ETF Price Performance

Shares of NYSEARCA:XBI opened at $90.51 on Wednesday. SPDR S&P Biotech ETF has a 1 year low of $81.14 and a 1 year high of $105.47. The company has a market cap of $6.90 billion, a P/E ratio of 11.47 and a beta of 1.11. The stock’s fifty day moving average price is $93.58 and its 200-day moving average price is $96.95.

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.