Howe & Rusling Inc. Invests $49,000 in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Howe & Rusling Inc. purchased a new stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 500 shares of the exchange traded fund’s stock, valued at approximately $49,000.

Other institutional investors have also recently modified their holdings of the company. Tidemark LLC lifted its holdings in SPDR S&P Biotech ETF by 101.5% in the third quarter. Tidemark LLC now owns 395 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 199 shares during the period. ORG Partners LLC acquired a new stake in shares of SPDR S&P Biotech ETF in the second quarter valued at about $40,000. Quintet Private Bank Europe S.A. purchased a new stake in SPDR S&P Biotech ETF during the third quarter worth about $40,000. ORG Wealth Partners LLC acquired a new position in SPDR S&P Biotech ETF during the third quarter worth about $44,000. Finally, Waldron Private Wealth LLC purchased a new position in SPDR S&P Biotech ETF in the third quarter valued at about $54,000.

SPDR S&P Biotech ETF Price Performance

Shares of NYSEARCA:XBI opened at $94.01 on Thursday. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 11.47 and a beta of 1.11. The business’s 50 day simple moving average is $98.64 and its 200-day simple moving average is $96.20. SPDR S&P Biotech ETF has a 12 month low of $71.98 and a 12 month high of $105.47.

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.