SPDR S&P Biotech Announces Quarterly Dividend of $0.04 (XBI)
SPDR S&P Biotech (NYSEARCA:XBI) announced a quarterly dividend on Friday, September 15th, Wall Street Journal reports. Shareholders of record on Monday, September 18th will be given a dividend of 0.037 per share by the exchange traded fund on Monday, September 25th. This represents a $0.15 dividend on an annualized basis and a yield of 0.18%. The ex-dividend date is Friday, September 15th.
Shares of SPDR S&P Biotech (NYSEARCA XBI) opened at 83.66 on Friday. SPDR S&P Biotech has a 1-year low of $53.15 and a 1-year high of $84.90. The firm’s 50-day moving average is $79.46 and its 200-day moving average is $73.99.
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A hedge fund recently raised its stake in SPDR S&P Biotech stock. Northern Trust Corp increased its holdings in shares of SPDR S&P Biotech (NYSEARCA:XBI) by 68.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,061 shares of the exchange traded fund’s stock after purchasing an additional 2,050 shares during the period. Northern Trust Corp’s holdings in SPDR S&P Biotech were worth $391,000 at the end of the most recent quarter.
About SPDR S&P Biotech
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.
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