Balefire LLC Invests $1.64 Million in SPDR S&P Biotech ETF $XBI

Balefire LLC acquired a new stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 13,459 shares of the exchange traded fund’s stock, valued at approximately $1,641,000.

A number of other hedge funds have also recently bought and sold shares of XBI. Capital A Wealth Management LLC bought a new stake in SPDR S&P Biotech ETF in the second quarter worth about $26,000. Davis Capital Management bought a new position in shares of SPDR S&P Biotech ETF during the 3rd quarter valued at about $35,000. Twin Peaks Wealth Advisors LLC acquired a new position in shares of SPDR S&P Biotech ETF in the 2nd quarter worth approximately $32,000. Johnson Financial Group Inc. acquired a new position in shares of SPDR S&P Biotech ETF in the 2nd quarter worth approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC bought a new stake in shares of SPDR S&P Biotech ETF in the 3rd quarter worth approximately $40,000.

SPDR S&P Biotech ETF Price Performance

XBI stock opened at $119.54 on Wednesday. The firm has a market cap of $7.99 billion, a PE ratio of 11.47 and a beta of 0.93. SPDR S&P Biotech ETF has a 12 month low of $66.66 and a 12 month high of $132.09. The firm has a 50 day simple moving average of $125.24 and a 200 day simple moving average of $116.82.

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.