SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH) Trading 1.1% Higher – Here’s What Happened

Shares of SPDR S&P Pharmaceuticals ETF (NYSEARCA:XPH) rose 1.1% during trading on Tuesday . The company traded as high as $57.88 and last traded at $57.49. Approximately 166,813 shares changed hands during mid-day trading, an increase of 21% from the average daily volume of 137,326 shares. The stock had previously closed at $56.84.

SPDR S&P Pharmaceuticals ETF Stock Performance

The business’s 50-day simple moving average is $56.41 and its 200-day simple moving average is $51.31. The company has a market capitalization of $298.95 million, a price-to-earnings ratio of 14.28 and a beta of 0.60.

Institutional Investors Weigh In On SPDR S&P Pharmaceuticals ETF

Institutional investors have recently made changes to their positions in the stock. Advisory Services Network LLC bought a new stake in SPDR S&P Pharmaceuticals ETF in the third quarter valued at about $34,000. Team Financial Group LLC acquired a new position in shares of SPDR S&P Pharmaceuticals ETF during the 4th quarter worth about $56,000. Kestra Advisory Services LLC acquired a new position in shares of SPDR S&P Pharmaceuticals ETF during the 4th quarter worth about $151,000. Advantage Trust Co increased its stake in shares of SPDR S&P Pharmaceuticals ETF by 1,525.0% in the 2nd quarter. Advantage Trust Co now owns 3,250 shares of the company’s stock valued at $132,000 after acquiring an additional 3,050 shares during the last quarter. Finally, Stephens Inc. AR acquired a new stake in shares of SPDR S&P Pharmaceuticals ETF in the 4th quarter valued at approximately $229,000.

SPDR S&P Pharmaceuticals ETF Company Profile

SPDR S&P Pharmaceuticals ETF (the Fund) seeks to replicate as closely as possible the total return performance of the S&P Pharmaceuticals Select Industry Index. The S&P Pharmaceuticals Select Industry Index represents the pharmaceuticals 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.