WESPAC Advisors SoCal LLC Takes Position in SPDR S&P Biotech ETF $XBI

WESPAC Advisors SoCal LLC bought a new position in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 5,042 shares of the exchange traded fund’s stock, valued at approximately $615,000.

Other hedge funds have also added to or reduced their stakes in the company. Compass Wealth Management LLC acquired a new position in SPDR S&P Biotech ETF during the 3rd quarter valued at about $1,167,000. China Universal Asset Management Co. Ltd. grew its position in shares of SPDR S&P Biotech ETF by 868.3% during the 3rd quarter. China Universal Asset Management Co. Ltd. now owns 4,919 shares of the exchange traded fund’s stock worth $493,000 after buying an additional 4,411 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in shares of SPDR S&P Biotech ETF during the third quarter worth approximately $417,000. Altfest L J & Co. Inc. raised its stake in shares of SPDR S&P Biotech ETF by 63.1% during the third quarter. Altfest L J & Co. Inc. now owns 124,921 shares of the exchange traded fund’s stock worth $12,517,000 after buying an additional 48,326 shares during the last quarter. Finally, Brian Low Financial Group LLC acquired a new position in SPDR S&P Biotech ETF in the third quarter valued at approximately $668,000.

SPDR S&P Biotech ETF Stock Performance

XBI opened at $120.31 on Friday. The company has a fifty day moving average price of $125.37 and a two-hundred day moving average price of $116.13. The firm has a market capitalization of $8.04 billion, a PE ratio of 11.47 and a beta of 0.93. SPDR S&P Biotech ETF has a 52 week low of $66.66 and a 52 week high of $132.09.

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.