IvyRock Asset Management HK Ltd Purchases New Shares in SPDR S&P Biotech ETF $XBI

IvyRock Asset Management HK Ltd purchased a new stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 6,000 shares of the exchange traded fund’s stock, valued at approximately $732,000. SPDR S&P Biotech ETF makes up 0.4% of IvyRock Asset Management HK Ltd’s investment portfolio, making the stock its 10th largest position.

Other large investors have also added to or reduced their stakes in the company. Legacy Wealth Managment LLC ID acquired a new position in SPDR S&P Biotech ETF during the 4th quarter worth $32,000. Ballast Advisors LLC acquired a new position in SPDR S&P Biotech ETF during the 4th quarter worth $36,000. Creative Financial Designs Inc. ADV acquired a new position in SPDR S&P Biotech ETF during the 4th quarter worth $39,000. Barnes Dennig Private Wealth Management LLC acquired a new position in SPDR S&P Biotech ETF during the 4th quarter worth $48,000. Finally, Navalign LLC acquired a new position in SPDR S&P Biotech ETF during the 4th quarter worth $48,000.

SPDR S&P Biotech ETF Price Performance

Shares of XBI stock opened at $133.42 on Friday. SPDR S&P Biotech ETF has a 1-year low of $80.90 and a 1-year high of $139.19. The firm has a fifty day moving average of $131.81 and a two-hundred day moving average of $126.55. The firm has a market cap of $8.51 billion, a P/E ratio of 11.47 and a beta of 0.85.

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.