LM Advisors LLC Sells 7,814 Shares of SPDR S&P Biotech ETF $XBI

LM Advisors LLC lowered its stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 89.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 946 shares of the exchange traded fund’s stock after selling 7,814 shares during the period. LM Advisors LLC’s holdings in SPDR S&P Biotech ETF were worth $115,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at $27,000. Intesa Sanpaolo Wealth Management bought a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at $30,000. Legacy Wealth Managment LLC ID bought a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at $32,000. Smartleaf Asset Management LLC bought a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at $32,000. Finally, Acumen Wealth Advisors LLC bought a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at $34,000.

SPDR S&P Biotech ETF Stock Up 0.8%

NYSEARCA:XBI opened at $133.79 on Friday. The stock has a market cap of $8.54 billion, a P/E ratio of 11.47 and a beta of 0.85. The firm’s fifty day simple moving average is $132.63 and its 200 day simple moving average is $127.12. SPDR S&P Biotech ETF has a twelve month low of $80.90 and a twelve month high of $139.19.

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. The Biotech Index is a modified equal weight index.