Fifth Third Bancorp Decreases Stock Position in SPDR S&P Biotech ETF $XBI

Fifth Third Bancorp trimmed its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 6.0% during the 3rd quarter, Holdings Channel.com reports. The fund owned 65,718 shares of the exchange traded fund’s stock after selling 4,226 shares during the quarter. Fifth Third Bancorp’s holdings in SPDR S&P Biotech ETF were worth $6,585,000 at the end of the most recent quarter.

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

SPDR S&P Biotech ETF Price Performance

Shares of NYSEARCA:XBI opened at $124.63 on Wednesday. SPDR S&P Biotech ETF has a 1 year low of $66.66 and a 1 year high of $132.09. The company has a market cap of $8.33 billion, a PE ratio of 11.47 and a beta of 0.93. The stock’s 50-day moving average is $124.47 and its 200 day moving average is $110.60.

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.