First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT – Get Free Report) shares reached a new 52-week high during trading on Thursday . The stock traded as high as $165.84 and last traded at $165.84, with a volume of 2603 shares changing hands. The stock had previously closed at $162.69.
First Trust NYSE Arca Biotechnology Index Fund Stock Up 0.6 %
The business’s fifty day moving average is $154.58 and its two-hundred day moving average is $151.98. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of 17.20 and a beta of 0.86.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the company. WealthShield Partners LLC boosted its stake in shares of First Trust NYSE Arca Biotechnology Index Fund by 1.8% in the 2nd quarter. WealthShield Partners LLC now owns 3,714 shares of the company’s stock valued at $572,000 after purchasing an additional 66 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in shares of First Trust NYSE Arca Biotechnology Index Fund by 2.6% during the second quarter. Clear Creek Financial Management LLC now owns 4,897 shares of the company’s stock worth $754,000 after purchasing an additional 125 shares during the period. RPS Advisory Solutions LLC bought a new stake in First Trust NYSE Arca Biotechnology Index Fund in the second quarter valued at about $1,384,000. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust NYSE Arca Biotechnology Index Fund by 2.2% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 121,974 shares of the company’s stock worth $18,783,000 after buying an additional 2,629 shares during the last quarter. Finally, Maia Wealth LLC bought a new stake in shares of First Trust NYSE Arca Biotechnology Index Fund in the 2nd quarter valued at about $746,000.
About First Trust NYSE Arca Biotechnology Index Fund
The First Trust NYSE Arca Biotechnology Index Fund (FBT) is an exchange-traded fund that is based on the NYSE Arca Biotechnology index. The fund tracks an equal-weighted index of US biotechnology stocks. FBT was launched on Jun 19, 2006 and is managed by First Trust.
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