Harbor Investment Advisory LLC Grows Position in SPDR S&P Biotech ETF $XBI

Harbor Investment Advisory LLC boosted its stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 544.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 16,165 shares of the exchange traded fund’s stock after acquiring an additional 13,655 shares during the period. Harbor Investment Advisory LLC’s holdings in SPDR S&P Biotech ETF were worth $1,971,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Capital A Wealth Management LLC purchased a new stake in shares of SPDR S&P Biotech ETF in the 2nd quarter valued at approximately $26,000. Davis Capital Management purchased a new stake in SPDR S&P Biotech ETF in the third quarter valued at approximately $35,000. Twin Peaks Wealth Advisors LLC acquired a new position in SPDR S&P Biotech ETF during the second quarter worth $32,000. Johnson Financial Group Inc. purchased a new position in shares of SPDR S&P Biotech ETF during the second quarter worth $31,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new stake in shares of SPDR S&P Biotech ETF in the third quarter valued at $40,000.

SPDR S&P Biotech ETF Trading Down 1.7%

XBI stock opened at $120.31 on Friday. The business’s fifty day moving average price is $125.37 and its 200 day moving average price is $116.13. SPDR S&P Biotech ETF has a 12-month low of $66.66 and a 12-month high of $132.09. The company has a market capitalization of $8.04 billion, a PE ratio of 11.47 and a beta of 0.93.

SPDR S&P Biotech ETF 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.