Employees Retirement System of Texas Sells 115,100 Shares of SPDR S&P Biotech ETF $XBI

Employees Retirement System of Texas lowered its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 13.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 738,272 shares of the exchange traded fund’s stock after selling 115,100 shares during the quarter. Employees Retirement System of Texas owned 1.22% of SPDR S&P Biotech ETF worth $73,975,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Capital A Wealth Management LLC purchased a new position in SPDR S&P Biotech ETF during the 2nd quarter worth $26,000. Davis Capital Management purchased a new stake in shares of SPDR S&P Biotech ETF in the third quarter valued at about $35,000. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Biotech ETF in the second quarter valued at about $32,000. Johnson Financial Group Inc. bought a new position in shares of SPDR S&P Biotech ETF during the second quarter valued at about $31,000. Finally, Halbert Hargrove Global Advisors LLC bought a new position in shares of SPDR S&P Biotech ETF during the third quarter valued at about $40,000.

SPDR S&P Biotech ETF Stock Performance

SPDR S&P Biotech ETF stock opened at $122.62 on Friday. SPDR S&P Biotech ETF has a fifty-two week low of $66.66 and a fifty-two week high of $132.09. The firm’s 50-day simple moving average is $125.47 and its 200 day simple moving average is $114.78. The stock has a market cap of $8.19 billion, a PE ratio of 11.47 and a beta of 0.93.

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.