SPDR S&P Biotech ETF $XBI Shares Purchased by Erste Asset Management GmbH

Erste Asset Management GmbH increased its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 2,213.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,130 shares of the exchange traded fund’s stock after acquiring an additional 22,130 shares during the period. Erste Asset Management GmbH’s holdings in SPDR S&P Biotech ETF were worth $2,820,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of XBI. Legacy Wealth Managment LLC ID acquired a new position in SPDR S&P Biotech ETF during the fourth quarter worth $32,000. Greykasell Wealth Strategies Inc. acquired a new position in SPDR S&P Biotech ETF during the fourth quarter worth $35,000. Ballast Advisors LLC acquired a new position in SPDR S&P Biotech ETF during the fourth quarter worth $36,000. Creative Financial Designs Inc. ADV acquired a new position in SPDR S&P Biotech ETF during the fourth quarter worth $39,000. Finally, MCF Advisors LLC acquired a new position in SPDR S&P Biotech ETF during the fourth quarter worth $46,000.

SPDR S&P Biotech ETF Price Performance

Shares of XBI stock opened at $131.38 on Wednesday. The business’s fifty day moving average price is $132.23 and its 200 day moving average price is $126.86. SPDR S&P Biotech ETF has a 1-year low of $80.90 and a 1-year high of $139.19. The firm has a market capitalization of $8.38 billion, a PE ratio of 11.47 and a beta of 0.85.

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.