SPDR S&P Biotech ETF Plans Quarterly Dividend of $0.03 (XBI)
SPDR S&P Biotech ETF (NYSEARCA:XBI) declared a quarterly dividend on Monday, December 18th, Wall Street Journal reports. Shareholders of record on Monday, December 18th will be paid a dividend of 0.0347 per share by the exchange traded fund on Tuesday, December 26th. This represents a $0.14 dividend on an annualized basis and a dividend yield of 0.17%. The ex-dividend date of this dividend is Friday, December 15th.
Shares of SPDR S&P Biotech ETF (NYSEARCA XBI) remained flat at $$81.82 during midday trading on Monday. 451,353 shares of the company traded hands. SPDR S&P Biotech ETF has a twelve month low of $58.66 and a twelve month high of $88.98.
An institutional investor recently raised its position in SPDR S&P Biotech ETF stock. Northern Trust Corp raised its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 68.1% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 5,061 shares of the exchange traded fund’s stock after purchasing an additional 2,050 shares during the period. Northern Trust Corp’s holdings in SPDR S&P Biotech ETF were worth $391,000 as of its most recent SEC filing.
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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.
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