SPDR S&P Biotech ETF $XBI Shares Acquired by Nations Financial Group Inc. IA ADV

Nations Financial Group Inc. IA ADV lifted its holdings in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 126.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 8,735 shares of the exchange traded fund’s stock after purchasing an additional 4,875 shares during the quarter. Nations Financial Group Inc. IA ADV’s holdings in SPDR S&P Biotech ETF were worth $1,065,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in the business. Davis Capital Management acquired a new stake in SPDR S&P Biotech ETF in the third quarter valued at approximately $35,000. Halbert Hargrove Global Advisors LLC acquired a new stake in SPDR S&P Biotech ETF in the third quarter valued at approximately $40,000. Barnes Dennig Private Wealth Management LLC acquired a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at approximately $48,000. Premier Financial Group acquired a new stake in SPDR S&P Biotech ETF in the third quarter valued at approximately $50,000. Finally, Caldwell Trust Co acquired a new stake in SPDR S&P Biotech ETF in the second quarter valued at approximately $55,000.

SPDR S&P Biotech ETF Stock Up 2.4%

Shares of NYSEARCA:XBI opened at $138.67 on Friday. The firm’s 50 day moving average price is $126.35 and its 200 day moving average price is $120.73. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 11.47 and a beta of 0.88. SPDR S&P Biotech ETF has a fifty-two week low of $74.67 and a fifty-two week high of $139.19.

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.