American Financial Network Advisory Services LLC Has $586,000 Position in SPDR S&P Biotech ETF (XBI)

American Financial Network Advisory Services LLC increased its stake in shares of SPDR S&P Biotech ETF (NYSEARCA:XBI) by 14,807.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 6,112 shares of the exchange traded fund’s stock after purchasing an additional 6,071 shares during the period. American Financial Network Advisory Services LLC’s holdings in SPDR S&P Biotech ETF were worth $586,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. acquired a new position in SPDR S&P Biotech ETF during the 2nd quarter worth $130,000. WP Advisors LLC acquired a new position in SPDR S&P Biotech ETF during the 2nd quarter worth $133,000. Trust Co. of Vermont acquired a new position in SPDR S&P Biotech ETF during the 2nd quarter worth $136,000. Squar Milner Financial Services LLC acquired a new position in SPDR S&P Biotech ETF during the 2nd quarter worth $139,000. Finally, Valeo Financial Advisors LLC grew its stake in SPDR S&P Biotech ETF by 165.2% during the 2nd quarter. Valeo Financial Advisors LLC now owns 1,525 shares of the exchange traded fund’s stock worth $144,000 after purchasing an additional 950 shares in the last quarter.

XBI opened at $85.42 on Friday. SPDR S&P Biotech ETF has a 12 month low of $78.46 and a 12 month high of $101.55.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 26th. Investors of record on Monday, September 24th were paid a dividend of $0.0726 per share. This represents a $0.29 annualized dividend and a yield of 0.34%. This is a boost from SPDR S&P Biotech ETF’s previous quarterly dividend of $0.06. The ex-dividend date was Friday, September 21st.

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.

See Also: The Role of a Fiduciary and Individual Investors

Want to see what other hedge funds are holding XBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Biotech ETF (NYSEARCA:XBI).

Institutional Ownership by Quarter for SPDR S&P Biotech ETF (NYSEARCA:XBI)

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