Lee Danner & Bass Inc. Makes New $38,000 Investment in SPDR S&P Biotech ETF (NYSEARCA:XBI)

Lee Danner & Bass Inc. acquired a new position in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 419 shares of the exchange traded fund’s stock, valued at approximately $38,000.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC acquired a new stake in shares of SPDR S&P Biotech ETF during the fourth quarter worth about $29,000. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of SPDR S&P Biotech ETF during the fourth quarter worth about $29,000. Avior Wealth Management LLC boosted its stake in shares of SPDR S&P Biotech ETF by 393.6% during the fourth quarter. Avior Wealth Management LLC now owns 385 shares of the exchange traded fund’s stock worth $35,000 after buying an additional 307 shares during the period. Bank of Jackson Hole Trust acquired a new stake in shares of SPDR S&P Biotech ETF during the fourth quarter worth about $43,000. Finally, Addison Advisors LLC lifted its position in SPDR S&P Biotech ETF by 27.4% in the fourth quarter. Addison Advisors LLC now owns 535 shares of the exchange traded fund’s stock valued at $48,000 after purchasing an additional 115 shares during the period.

SPDR S&P Biotech ETF Stock Up 0.6 %

Shares of NYSEARCA:XBI opened at $87.12 on Monday. The company has a market cap of $5.65 billion, a P/E ratio of 11.47 and a beta of 0.99. SPDR S&P Biotech ETF has a 52 week low of $81.14 and a 52 week high of $105.47. The company has a 50-day moving average price of $89.59 and a 200 day moving average price of $94.32.

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.