K.J. Harrison & Partners Inc Raises Stake in SPDR S&P Biotech ETF $XBI

K.J. Harrison & Partners Inc lifted its position in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 46.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,880 shares of the exchange traded fund’s stock after buying an additional 10,080 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in SPDR S&P Biotech ETF were worth $3,887,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Ballast Advisors LLC purchased a new stake in shares of SPDR S&P Biotech ETF in the fourth quarter worth $36,000. Barnes Dennig Private Wealth Management LLC purchased a new position in shares of SPDR S&P Biotech ETF during the fourth quarter worth about $48,000. Citizens National Bank Trust Department purchased a new position in SPDR S&P Biotech ETF in the 4th quarter worth approximately $50,000. MMA Asset Management LLC bought a new position in shares of SPDR S&P Biotech ETF during the 3rd quarter valued at about $59,000. Finally, Pier 88 Investment Partners LLC purchased a new position in shares of SPDR S&P Biotech ETF during the 3rd quarter valued at about $60,000.

SPDR S&P Biotech ETF Price Performance

NYSEARCA:XBI opened at $137.68 on Thursday. The company has a market capitalization of $8.78 billion, a price-to-earnings ratio of 11.47 and a beta of 0.85. The business has a 50 day moving average of $128.38 and a 200 day moving average of $123.26. SPDR S&P Biotech ETF has a 1-year low of $75.68 and a 1-year high of $139.19.

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.