American Century Companies Inc. Takes Position in SPDR S&P Biotech ETF (XBI)
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.
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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.
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