Bessemer Group Inc. Buys 138,322 Shares of SPDR S&P Biotech ETF $XBI

Bessemer Group Inc. lifted its position in SPDR S&P Biotech ETF (NYSEARCA:XBI) by 9.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,632,988 shares of the exchange traded fund’s stock after purchasing an additional 138,322 shares during the period. Bessemer Group Inc. owned about 2.69% of SPDR S&P Biotech ETF worth $163,624,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Capital A Wealth Management LLC bought a new stake in SPDR S&P Biotech ETF in the second quarter valued at $26,000. Johnson Financial Group Inc. purchased a new stake in shares of SPDR S&P Biotech ETF in the 2nd quarter worth about $31,000. Twin Peaks Wealth Advisors LLC bought a new stake in shares of SPDR S&P Biotech ETF during the 2nd quarter valued at about $32,000. Davis Capital Management purchased a new position in shares of SPDR S&P Biotech ETF during the third quarter valued at about $35,000. Finally, Halbert Hargrove Global Advisors LLC purchased a new position in shares of SPDR S&P Biotech ETF during the third quarter valued at about $40,000.

SPDR S&P Biotech ETF Price Performance

Shares of XBI opened at $125.29 on Thursday. The company has a 50-day simple moving average of $124.11 and a two-hundred day simple moving average of $108.08. The firm has a market capitalization of $8.37 billion, a PE ratio of 11.47 and a beta of 0.93. SPDR S&P Biotech ETF has a one year low of $66.66 and a one year high of $132.09.

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.