Ndwm LLC Makes New $603,000 Investment in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Ndwm LLC bought a new position in SPDR S&P Biotech ETF (NYSEARCA:XBI) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 6,358 shares of the exchange traded fund’s stock, valued at approximately $603,000. SPDR S&P Biotech ETF makes up approximately 0.5% of Ndwm LLC’s investment portfolio, making the stock its 19th biggest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. ICA Group Wealth Management LLC purchased a new stake in shares of SPDR S&P Biotech ETF in the 4th quarter valued at about $27,000. Scarborough Advisors LLC bought a new position in shares of SPDR S&P Biotech ETF in the 4th quarter worth $32,000. BOCHK Asset Management Ltd purchased a new stake in shares of SPDR S&P Biotech ETF during the 4th quarter valued at $36,000. Tennessee Valley Asset Management Partners bought a new stake in shares of SPDR S&P Biotech ETF during the 4th quarter worth $44,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in SPDR S&P Biotech ETF in the fourth quarter worth $45,000.

SPDR S&P Biotech ETF Price Performance

NYSEARCA XBI traded down $0.49 during trading hours on Thursday, reaching $90.87. 4,682,011 shares of the stock traded hands, compared to its average volume of 10,621,511. The stock has a 50 day simple moving average of $90.41 and a two-hundred day simple moving average of $90.94. SPDR S&P Biotech ETF has a 1 year low of $63.80 and a 1 year high of $103.52. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 11.47 and a beta of 1.11.

SPDR S&P Biotech ETF Company 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.