Investment Research Partners LLC Takes Position in SPDR S&P Biotech ETF $XBI

Investment Research Partners LLC acquired a new stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 15,781 shares of the exchange traded fund’s stock, valued at approximately $1,751,000. SPDR S&P Biotech ETF makes up 0.8% of Investment Research Partners LLC’s portfolio, making the stock its 23rd biggest position.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Capital A Wealth Management LLC bought a new position in SPDR S&P Biotech ETF in the second quarter valued at about $26,000. Davis Capital Management bought a new stake in shares of SPDR S&P Biotech ETF during the third quarter worth about $35,000. 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. Johnson Financial Group Inc. acquired a new position in shares of SPDR S&P Biotech ETF in the second quarter valued at approximately $31,000. 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

NYSEARCA:XBI opened at $121.11 on Thursday. The firm’s 50 day simple moving average is $125.48 and its 200 day simple moving average is $115.87. SPDR S&P Biotech ETF has a one year low of $66.66 and a one year high of $132.09. The company has a market cap of $8.09 billion, a PE ratio of 11.47 and a beta of 0.93.

About SPDR S&P Biotech ETF

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.