KMG Fiduciary Partners LLC Purchases Shares of 2,732 SPDR S&P Biotech ETF (XBI)

KMG Fiduciary Partners LLC Purchases Shares of 2,732 SPDR S&P Biotech ETF (XBI)

KMG Fiduciary Partners LLC bought a new stake in SPDR S&P Biotech ETF (NYSEARCA:XBI) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 2,732 shares of the exchange traded fund’s stock, valued at approximately $247,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Deutsche Bank AG acquired a new stake in shares of SPDR S&P Biotech ETF in the 4th quarter valued at approximately $139,893,000. JPMorgan Chase & Co. raised its holdings in SPDR S&P Biotech ETF by 98.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,265,715 shares of the exchange traded fund’s stock worth $313,084,000 after buying an additional 1,622,372 shares during the period. Duality Advisers LP acquired a new stake in SPDR S&P Biotech ETF during the 4th quarter worth approximately $51,363,000. American Financial Advisors LLC acquired a new stake in SPDR S&P Biotech ETF during the 4th quarter worth approximately $12,880,000. Finally, Rehmann Capital Advisory Group raised its holdings in SPDR S&P Biotech ETF by 12,650.8% during the 3rd quarter. Rehmann Capital Advisory Group now owns 137,581 shares of the exchange traded fund’s stock worth $1,435,000 after buying an additional 136,502 shares during the period.

XBI stock traded down $0.28 during mid-day trading on Wednesday, hitting $84.49. 4,487,566 shares of the company were exchanged, compared to its average volume of 4,963,376. SPDR S&P Biotech ETF has a 1-year low of $64.38 and a 1-year high of $101.55.

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.

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