8,013 Shares in SPDR S&P Biotech ETF $XBI Acquired by Connective Capital Management LLC

Connective Capital Management LLC acquired a new stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 8,013 shares of the exchange traded fund’s stock, valued at approximately $977,000. SPDR S&P Biotech ETF comprises 0.6% of Connective Capital Management LLC’s investment portfolio, making the stock its 19th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in SPDR S&P Biotech ETF during the 4th quarter worth approximately $27,000. Intesa Sanpaolo Wealth Management purchased a new position in shares of SPDR S&P Biotech ETF in the fourth quarter worth about $30,000. Legacy Wealth Managment LLC ID purchased a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at approximately $32,000. Smartleaf Asset Management LLC purchased a new position in SPDR S&P Biotech ETF during the 4th quarter worth approximately $32,000. Finally, Acumen Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Biotech ETF in the 4th quarter valued at $34,000.

SPDR S&P Biotech ETF Stock Performance

Shares of XBI opened at $140.72 on Friday. The company has a market capitalization of $8.98 billion, a P/E ratio of 11.47 and a beta of 0.85. The business’s 50-day moving average is $133.36 and its two-hundred day moving average is $127.61. SPDR S&P Biotech ETF has a fifty-two week low of $80.90 and a fifty-two week high of $143.46.

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.