10,647 SPDR S&P Biotech ETF $XBI Shares Acquired by Integrated Advisors Network LLC

Integrated Advisors Network LLC grew its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 471.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,907 shares of the exchange traded fund’s stock after purchasing an additional 10,647 shares during the period. Integrated Advisors Network LLC’s holdings in SPDR S&P Biotech ETF were worth $2,035,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of XBI. Angeles Wealth Management LLC purchased a new stake in SPDR S&P Biotech ETF during the second quarter valued at about $28,000. Axiom Investment Management LLC purchased a new position in shares of SPDR S&P Biotech ETF in the first quarter worth approximately $26,000. Financial Life Planners purchased a new position in shares of SPDR S&P Biotech ETF in the first quarter worth approximately $27,000. Morling Financial Advisors LLC purchased a new position in shares of SPDR S&P Biotech ETF in the second quarter worth approximately $36,000. Finally, SHP Wealth Management acquired a new stake in shares of SPDR S&P Biotech ETF during the fourth quarter valued at approximately $31,000.

SPDR S&P Biotech ETF Price Performance

XBI stock opened at $152.78 on Thursday. The firm has a market capitalization of $10.55 billion, a P/E ratio of 11.47 and a beta of 0.83. SPDR S&P Biotech ETF has a 52-week low of $106.30 and a 52-week high of $169.89. The company’s 50 day simple moving average is $157.66 and its 200-day simple moving average is $147.55.

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. The Biotech Index is a modified equal weight index.