K.J. Harrison & Partners Inc Grows Stock Position in SPDR S&P Biotech ETF $XBI

K.J. Harrison & Partners Inc raised its stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 46.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 31,880 shares of the exchange traded fund’s stock after purchasing an additional 10,080 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in SPDR S&P Biotech ETF were worth $3,887,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Ballast Advisors LLC purchased a new stake in SPDR S&P Biotech ETF in the 4th quarter worth approximately $36,000. Barnes Dennig Private Wealth Management LLC bought a new position in shares of SPDR S&P Biotech ETF in the 4th quarter worth approximately $48,000. Citizens National Bank Trust Department purchased a new position in shares of SPDR S&P Biotech ETF in the 4th quarter valued at approximately $50,000. MMA Asset Management LLC bought a new stake in shares of SPDR S&P Biotech ETF during the third quarter valued at approximately $59,000. Finally, Pier 88 Investment Partners LLC bought a new stake in shares of SPDR S&P Biotech ETF during the third quarter valued at approximately $60,000.

SPDR S&P Biotech ETF Trading Up 2.9%

XBI opened at $137.68 on Thursday. The company has a market cap of $8.78 billion, a price-to-earnings ratio of 11.47 and a beta of 0.85. SPDR S&P Biotech ETF has a 12-month low of $75.68 and a 12-month high of $139.19. The stock has a fifty day simple moving average of $128.38 and a two-hundred day simple moving average of $123.26.

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.