DAVENPORT & Co LLC Takes Position in SPDR S&P Biotech ETF $XBI

DAVENPORT & Co LLC acquired a new stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 10,536 shares of the exchange traded fund’s stock, valued at approximately $1,285,000.

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

SPDR S&P Biotech ETF Price Performance

Shares of NYSEARCA XBI opened at $119.59 on Monday. The company has a 50 day simple moving average of $125.08 and a 200 day simple moving average of $117.41. SPDR S&P Biotech ETF has a 1 year low of $66.66 and a 1 year high of $132.09. 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 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.