American Century Companies Inc. bought a new position in SPDR S&P Biotech ETF (NYSEARCA:XBI) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 126,403 shares of the exchange traded fund’s stock, valued at approximately $9,069,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cranbrook Wealth Management LLC purchased a new position in SPDR S&P Biotech ETF during the fourth quarter worth $26,000. Truewealth LLC purchased a new stake in shares of SPDR S&P Biotech ETF in the fourth quarter valued at $29,000. Quattro Financial Advisors LLC raised its stake in shares of SPDR S&P Biotech ETF by 49.6% in the fourth quarter. Quattro Financial Advisors LLC now owns 374 shares of the exchange traded fund’s stock valued at $31,000 after acquiring an additional 124 shares during the period. Lehman & Derafelo Financial Resources LLC bought a new stake in shares of SPDR S&P Biotech ETF in the 4th quarter worth about $32,000. Finally, Covington Capital Management bought a new stake in shares of SPDR S&P Biotech ETF in the 4th quarter worth about $41,000.

XBI opened at $91.45 on Wednesday. SPDR S&P Biotech ETF has a one year low of $64.38 and a one year high of $101.55.

ILLEGAL ACTIVITY WARNING: This piece was reported by Watch List News and is owned by of Watch List News. If you are viewing this piece on another website, it was illegally stolen and republished in violation of United States and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.watchlistnews.com/american-century-companies-inc-takes-position-in-spdr-sp-biotech-etf-xbi/2951992.html.

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.

Recommended Story: How interest rates affect municipal bond prices

Want to see what other hedge funds are holding XBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Biotech ETF (NYSEARCA:XBI).

Institutional Ownership by Quarter for SPDR S&P Biotech ETF (NYSEARCA:XBI)

Receive News & Ratings for SPDR S&P Biotech ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Biotech ETF and related companies with MarketBeat.com's FREE daily email newsletter.