SPDR S&P Biotech ETF $XBI Shares Bought by Corient Private Wealth LLC

Corient Private Wealth LLC grew its position in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 40.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 54,511 shares of the exchange traded fund’s stock after purchasing an additional 15,808 shares during the period. Corient Private Wealth LLC’s holdings in SPDR S&P Biotech ETF were worth $6,646,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in XBI. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in SPDR S&P Biotech ETF in the fourth quarter valued at approximately $27,000. Intesa Sanpaolo Wealth Management purchased a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at $30,000. SHP Wealth Management purchased a new stake in SPDR S&P Biotech ETF in the fourth quarter valued at $31,000. Legacy Wealth Managment LLC ID acquired a new position in SPDR S&P Biotech ETF in the fourth quarter valued at about $32,000. Finally, Smartleaf Asset Management LLC purchased a new position in shares of SPDR S&P Biotech ETF during the 4th quarter worth approximately $32,000.

SPDR S&P Biotech ETF Trading Up 1.3%

XBI opened at $151.59 on Friday. The stock’s 50-day moving average price is $134.86 and its 200 day moving average price is $128.51. SPDR S&P Biotech ETF has a 12-month low of $82.04 and a 12-month high of $154.70. The firm has a market cap of $9.67 billion, a price-to-earnings ratio of 11.47 and a beta of 0.85.

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.