Karp Capital Management Corp Increases Stake in iShares Nasdaq Biotechnology ETF (IBB)

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Karp Capital Management Corp grew its stake in shares of iShares Nasdaq Biotechnology ETF (NASDAQ:IBB) by 2.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,624 shares of the financial services provider’s stock after purchasing an additional 1,280 shares during the period. iShares Nasdaq Biotechnology ETF makes up 1.8% of Karp Capital Management Corp’s investment portfolio, making the stock its 16th biggest holding. Karp Capital Management Corp’s holdings in iShares Nasdaq Biotechnology ETF were worth $5,101,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Stone House Investment Management LLC acquired a new stake in shares of iShares Nasdaq Biotechnology ETF in the 1st quarter worth about $27,000. Parkside Financial Bank & Trust acquired a new stake in shares of iShares Nasdaq Biotechnology ETF in the 4th quarter worth about $29,000. Sontag Advisory LLC acquired a new stake in shares of iShares Nasdaq Biotechnology ETF in the 4th quarter worth about $32,000. Destination Wealth Management acquired a new stake in shares of iShares Nasdaq Biotechnology ETF in the 1st quarter worth about $42,000. Finally, Aspire Private Capital LLC acquired a new stake in shares of iShares Nasdaq Biotechnology ETF in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 67.92% of the company’s stock.

Shares of IBB traded up $0.43 on Wednesday, reaching $102.87. The company’s stock had a trading volume of 26,145 shares, compared to its average volume of 3,192,054. iShares Nasdaq Biotechnology ETF has a twelve month low of $89.01 and a twelve month high of $122.97.

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iShares Nasdaq Biotechnology ETF Profile

iShares Nasdaq Biotechnology ETF (the Fund), formerly iShares Nasdaq Biotechnology Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the NASDAQ Biotechnology Index (the Index). The Index contains securities of NASDAQ listed companies that are classified according to the Industry Classification Benchmark as either biotechnology or pharmaceuticals, which also meet other eligibility criteria determined by NASDAQ.

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Want to see what other hedge funds are holding IBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Nasdaq Biotechnology ETF (NASDAQ:IBB).

Institutional Ownership by Quarter for iShares Nasdaq Biotechnology ETF (NASDAQ:IBB)

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