SPDR S&P Biotech ETF (NYSEARCA:XBI) Holdings Lessened by Millrace Asset Group Inc.

Millrace Asset Group Inc. reduced its position in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 6.2% in the 3rd quarter, Holdings Channel reports. The firm owned 32,847 shares of the exchange traded fund’s stock after selling 2,165 shares during the period. SPDR S&P Biotech ETF makes up 3.3% of Millrace Asset Group Inc.’s holdings, making the stock its biggest holding. Millrace Asset Group Inc.’s holdings in SPDR S&P Biotech ETF were worth $3,245,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in XBI. Tidemark LLC raised its holdings in shares of 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 valued at $39,000 after buying an additional 199 shares during the last quarter. ORG Partners LLC acquired a new stake in SPDR S&P Biotech ETF during the 2nd quarter worth approximately $40,000. Quintet Private Bank Europe S.A. acquired a new stake in SPDR S&P Biotech ETF during the 3rd quarter worth approximately $40,000. ORG Wealth Partners LLC purchased a new position in shares of SPDR S&P Biotech ETF in the 3rd quarter valued at approximately $44,000. Finally, Howe & Rusling Inc. acquired a new position in shares of SPDR S&P Biotech ETF in the third quarter valued at approximately $49,000.

SPDR S&P Biotech ETF Price Performance

SPDR S&P Biotech ETF stock opened at $97.63 on Tuesday. The business has a 50 day simple moving average of $98.37 and a 200-day simple moving average of $96.38. SPDR S&P Biotech ETF has a 12 month low of $71.99 and a 12 month high of $105.47. The stock has a market capitalization of $7.44 billion, a PE ratio of 11.47 and a beta of 1.11.

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.