4,000 Shares in SPDR S&P Biotech ETF $XBI Acquired by Gruss & Co. LLC

Gruss & Co. LLC purchased a new stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 4,000 shares of the exchange traded fund’s stock, valued at approximately $401,000. SPDR S&P Biotech ETF accounts for 1.0% of Gruss & Co. LLC’s portfolio, making the stock its 16th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital A Wealth Management LLC acquired a new stake in shares of SPDR S&P Biotech ETF during the 2nd quarter worth about $26,000. Davis Capital Management acquired a new stake in SPDR S&P Biotech ETF during the third quarter worth approximately $35,000. Twin Peaks Wealth Advisors LLC acquired a new stake in SPDR S&P Biotech ETF during the second quarter worth approximately $32,000. Johnson Financial Group Inc. bought a new stake in shares of SPDR S&P Biotech ETF during the second quarter worth approximately $31,000. Finally, Halbert Hargrove Global Advisors LLC acquired a new position in shares of SPDR S&P Biotech ETF in the third quarter valued at approximately $40,000.

SPDR S&P Biotech ETF Trading Up 4.0%

Shares of NYSEARCA XBI opened at $125.51 on Monday. The firm has a market cap of $8.39 billion, a P/E ratio of 11.47 and a beta of 0.93. The business’s 50 day moving average is $124.11 and its 200-day moving average is $108.74. SPDR S&P Biotech ETF has a 1-year low of $66.66 and a 1-year high of $132.09.

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.