Mirae Asset Global Investments Co. Ltd. Grows Stake in SPDR S&P Biotech ETF $XBI

Mirae Asset Global Investments Co. Ltd. grew its position in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 106.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,570 shares of the exchange traded fund’s stock after purchasing an additional 13,729 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in SPDR S&P Biotech ETF were worth $3,240,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Davis Capital Management purchased a new position in SPDR S&P Biotech ETF in the third quarter worth $35,000. Barnes Dennig Private Wealth Management LLC purchased a new position in SPDR S&P Biotech ETF in the fourth quarter worth $48,000. Halbert Hargrove Global Advisors LLC purchased a new position in SPDR S&P Biotech ETF in the third quarter worth $40,000. Premier Financial Group purchased a new position in SPDR S&P Biotech ETF in the third quarter worth $50,000. Finally, Family CFO Inc purchased a new position in SPDR S&P Biotech ETF in the fourth quarter worth $64,000.

SPDR S&P Biotech ETF Trading Up 0.7%

NYSEARCA XBI opened at $137.31 on Thursday. The firm’s fifty day simple moving average is $127.05 and its two-hundred day simple moving average is $121.61. SPDR S&P Biotech ETF has a 12-month low of $75.68 and a 12-month high of $139.19. The firm has a market capitalization of $8.92 billion, a P/E ratio of 11.47 and a beta of 0.88.

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.