Tiff Advisory Services LLC Takes $8.62 Million Position in SPDR S&P Biotech ETF $XBI

Tiff Advisory Services LLC acquired a new stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 86,000 shares of the exchange traded fund’s stock, valued at approximately $8,617,000. SPDR S&P Biotech ETF comprises 1.8% of Tiff Advisory Services LLC’s holdings, making the stock its 10th biggest position. Tiff Advisory Services LLC owned approximately 0.14% of SPDR S&P Biotech ETF at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in XBI. Capital A Wealth Management LLC acquired a new position in shares of SPDR S&P Biotech ETF during the second quarter worth $26,000. Johnson Financial Group Inc. bought a new position in SPDR S&P Biotech ETF during the 2nd quarter worth $31,000. Twin Peaks Wealth Advisors LLC acquired a new position in SPDR S&P Biotech ETF during the 2nd quarter worth about $32,000. Davis Capital Management acquired a new stake in shares of SPDR S&P Biotech ETF in the third quarter valued at about $35,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of SPDR S&P Biotech ETF in the third quarter valued at about $40,000.

SPDR S&P Biotech ETF Price Performance

Shares of XBI opened at $122.86 on Friday. The business has a 50-day moving average of $124.42 and a 200-day moving average of $109.73. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 11.47 and a beta of 0.93. SPDR S&P Biotech ETF has a 1 year low of $66.66 and a 1 year high of $132.09.

SPDR S&P Biotech ETF Company Profile

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.