Erste Asset Management GmbH boosted its holdings in iShares Biotechnology ETF (NASDAQ:IBB – Free Report) by 58.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,330 shares of the financial services provider’s stock after acquiring an additional 37,860 shares during the period. Erste Asset Management GmbH owned about 0.21% of iShares Biotechnology ETF worth $17,270,000 at the end of the most recent quarter.
Other large investors have also recently bought and sold shares of the company. Basepoint Wealth LLC bought a new position in iShares Biotechnology ETF in the fourth quarter worth about $26,000. Cary Street Partners Financial LLC bought a new position in iShares Biotechnology ETF in the fourth quarter worth about $29,000. Darwin Wealth Management LLC bought a new position in iShares Biotechnology ETF in the second quarter worth about $25,000. Cornerstone Planning Group LLC bought a new position in iShares Biotechnology ETF in the fourth quarter worth about $35,000. Finally, Copia Wealth Management bought a new position in iShares Biotechnology ETF in the fourth quarter worth about $34,000. Institutional investors own 62.45% of the company’s stock.
iShares Biotechnology ETF Price Performance
Shares of NASDAQ IBB opened at $166.92 on Tuesday. The firm’s 50-day moving average price is $169.98 and its two-hundred day moving average price is $170.59. iShares Biotechnology ETF has a 52-week low of $123.61 and a 52-week high of $179.64.
iShares Biotechnology ETF Cuts Dividend
iShares Biotechnology ETF Company Profile
iShares Nasdaq Biotechnology ETF (the Fund), formerly iShares Nasdaq Biotechnology Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the NASDAQ Biotechnology Index (the Index). The Index contains securities of NASDAQ listed companies that are classified according to the Industry Classification Benchmark as either biotechnology or pharmaceuticals, which also meet other eligibility criteria determined by NASDAQ.
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