8,377 Shares in SPDR S&P Biotech ETF (NYSEARCA:XBI) Bought by Levin Capital Strategies L.P.

Levin Capital Strategies L.P. bought a new position in SPDR S&P Biotech ETF (NYSEARCA:XBI) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 8,377 shares of the exchange traded fund’s stock, valued at approximately $748,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in XBI. EPG Wealth Management LLC grew its position in SPDR S&P Biotech ETF by 152.7% during the 3rd quarter. EPG Wealth Management LLC now owns 460 shares of the exchange traded fund’s stock worth $34,000 after purchasing an additional 278 shares during the period. Tennessee Valley Asset Management Partners acquired a new stake in shares of SPDR S&P Biotech ETF during the 4th quarter valued at about $44,000. Wetzel Investment Advisors Inc. acquired a new stake in shares of SPDR S&P Biotech ETF during the 4th quarter valued at about $45,000. Life Planning Partners Inc acquired a new stake in shares of SPDR S&P Biotech ETF during the 4th quarter valued at about $64,000. Finally, Albion Financial Group UT acquired a new stake in shares of SPDR S&P Biotech ETF during the 4th quarter valued at about $69,000.

SPDR S&P Biotech ETF Stock Up 1.4 %

Shares of NYSEARCA:XBI traded up $1.24 during trading on Thursday, reaching $88.57. 7,996,242 shares of the company’s stock traded hands, compared to its average volume of 11,675,642. SPDR S&P Biotech ETF has a fifty-two week low of $63.80 and a fifty-two week high of $103.52. The firm has a market cap of $6.75 billion, a PE ratio of 11.47 and a beta of 1.11. The company has a 50-day simple moving average of $92.28 and a 200-day simple moving average of $85.06.

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.