Modera Wealth Management LLC Grows Stake in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Modera Wealth Management LLC grew its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 14.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,489 shares of the exchange traded fund’s stock after purchasing an additional 2,975 shares during the quarter. Modera Wealth Management LLC’s holdings in SPDR S&P Biotech ETF were worth $2,321,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. ORG Partners LLC purchased a new stake in shares of SPDR S&P Biotech ETF during the 2nd quarter valued at about $40,000. ORG Wealth Partners LLC purchased a new stake in shares of SPDR S&P Biotech ETF during the third quarter valued at approximately $44,000. Waldron Private Wealth LLC acquired a new position in shares of SPDR S&P Biotech ETF during the third quarter worth $54,000. Resources Management Corp CT ADV lifted its position in shares of SPDR S&P Biotech ETF by 30.3% during the second quarter. Resources Management Corp CT ADV now owns 593 shares of the exchange traded fund’s stock worth $55,000 after purchasing an additional 138 shares in the last quarter. Finally, Lynx Investment Advisory purchased a new position in shares of SPDR S&P Biotech ETF in the second quarter valued at $58,000.

SPDR S&P Biotech ETF Trading Down 0.1 %

XBI opened at $97.15 on Monday. SPDR S&P Biotech ETF has a twelve month low of $63.80 and a twelve month high of $103.52. The firm has a market cap of $7.40 billion, a price-to-earnings ratio of 11.47 and a beta of 1.11. The company has a fifty day simple moving average of $99.14 and a 200 day simple moving average of $94.65.

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.