Y Intercept Hong Kong Ltd Makes New Investment in SPDR S&P Biotech ETF $XBI

Y Intercept Hong Kong Ltd purchased a new stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) in the 1st quarter, HoldingsChannel reports. The firm purchased 6,746 shares of the exchange traded fund’s stock, valued at approximately $862,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Trademark Financial Management LLC bought a new stake in shares of SPDR S&P Biotech ETF in the 1st quarter valued at about $287,000. Strs Ohio grew its position in SPDR S&P Biotech ETF by 4.9% during the 1st quarter. Strs Ohio now owns 410,500 shares of the exchange traded fund’s stock worth $52,433,000 after acquiring an additional 19,300 shares during the last quarter. Prospect Financial Services LLC purchased a new position in SPDR S&P Biotech ETF in the 1st quarter worth approximately $205,000. Essex Financial Services Inc. lifted its position in SPDR S&P Biotech ETF by 6.0% in the first quarter. Essex Financial Services Inc. now owns 6,116 shares of the exchange traded fund’s stock valued at $781,000 after purchasing an additional 345 shares during the last quarter. Finally, Vertrix Wealth Management LLC bought a new stake in SPDR S&P Biotech ETF in the first quarter valued at approximately $237,000.

SPDR S&P Biotech ETF Price Performance

NYSEARCA:XBI opened at $159.03 on Monday. The firm has a market capitalization of $10.76 billion, a P/E ratio of 11.47 and a beta of 0.82. The company has a fifty day moving average of $140.41 and a 200 day moving average of $131.41. SPDR S&P Biotech ETF has a 52 week low of $84.39 and a 52 week high of $165.71.

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.