Sound Financial Strategies Group LLC Acquires Shares of 30,569 SPDR S&P Biotech ETF $XBI

Sound Financial Strategies Group LLC bought a new position in SPDR S&P Biotech ETF (NYSEARCA:XBI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 30,569 shares of the exchange traded fund’s stock, valued at approximately $3,644,000. SPDR S&P Biotech ETF makes up about 2.3% of Sound Financial Strategies Group LLC’s holdings, making the stock its 9th biggest holding.

Other institutional investors also recently modified their holdings of the company. Axiom Investment Management LLC acquired a new position in shares of SPDR S&P Biotech ETF in the first quarter worth $26,000. Financial Life Planners acquired a new stake in SPDR S&P Biotech ETF during the first quarter valued at $27,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in SPDR S&P Biotech ETF during the fourth quarter valued at $27,000. Intesa Sanpaolo Wealth Management purchased a new position in SPDR S&P Biotech ETF in the fourth quarter valued at about $30,000. Finally, SHP Wealth Management purchased a new position in SPDR S&P Biotech ETF in the fourth quarter valued at about $31,000.

SPDR S&P Biotech ETF Price Performance

Shares of XBI stock opened at $160.11 on Wednesday. SPDR S&P Biotech ETF has a fifty-two week low of $88.18 and a fifty-two week high of $165.71. The stock’s 50-day moving average is $151.93 and its two-hundred day moving average is $136.92. The firm has a market cap of $10.46 billion, a P/E ratio of 11.47 and a beta of 0.83.

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.