Hsbc Holdings PLC Buys 46,339 Shares of SPDR S&P Biotech ETF $XBI

Hsbc Holdings PLC boosted its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 7.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 638,529 shares of the exchange traded fund’s stock after purchasing an additional 46,339 shares during the quarter. Hsbc Holdings PLC’s holdings in SPDR S&P Biotech ETF were worth $78,049,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of XBI. SHP Wealth Management acquired a new position in shares of SPDR S&P Biotech ETF during the fourth quarter valued at about $31,000. DGS Capital Management LLC acquired a new stake in SPDR S&P Biotech ETF during the fourth quarter worth about $221,000. Blue Capital Inc. acquired a new stake in SPDR S&P Biotech ETF during the fourth quarter worth about $478,000. Compound Planning Inc. acquired a new stake in SPDR S&P Biotech ETF during the fourth quarter worth about $1,319,000. Finally, Connective Capital Management LLC bought a new position in SPDR S&P Biotech ETF during the fourth quarter valued at about $977,000.

SPDR S&P Biotech ETF Stock Up 3.7%

SPDR S&P Biotech ETF stock opened at $145.86 on Tuesday. The business has a 50 day moving average price of $133.84 and a two-hundred day moving average price of $127.95. The stock has a market cap of $9.31 billion, a price-to-earnings ratio of 11.47 and a beta of 0.85. SPDR S&P Biotech ETF has a 12 month low of $80.90 and a 12 month high of $146.77.

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.