Amarillo National Bank Raises Holdings in iShares NASDAQ Biotechnology Index (IBB)

Amarillo National Bank raised its stake in iShares NASDAQ Biotechnology Index (NASDAQ:IBB) by 200.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,784 shares of the financial services provider’s stock after acquiring an additional 1,856 shares during the period. Amarillo National Bank’s holdings in iShares NASDAQ Biotechnology Index were worth $297,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IBB. FNY Partners Fund LP bought a new stake in shares of iShares NASDAQ Biotechnology Index during the third quarter valued at approximately $133,000. Wharton Business Group LLC bought a new stake in shares of iShares NASDAQ Biotechnology Index during the third quarter valued at approximately $208,000. New England Investment & Retirement Group Inc. bought a new stake in shares of iShares NASDAQ Biotechnology Index during the third quarter valued at approximately $213,000. Leavell Investment Management Inc. bought a new stake in shares of iShares NASDAQ Biotechnology Index during the third quarter valued at approximately $214,000. Finally, Fishman Jay A Ltd. MI bought a new stake in shares of iShares NASDAQ Biotechnology Index during the third quarter valued at approximately $247,000. Institutional investors own 21.10% of the company’s stock.

iShares NASDAQ Biotechnology Index (NASDAQ:IBB) traded up $0.50 on Wednesday, hitting $110.91. The stock had a trading volume of 1,728,280 shares, compared to its average volume of 2,983,700. The company has a market capitalization of $10,350.00, a PE ratio of 3.66 and a beta of 1.38. iShares NASDAQ Biotechnology Index has a 52 week low of $88.96 and a 52 week high of $114.17.

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 22nd were issued a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Thursday, December 21st. This is a boost from iShares NASDAQ Biotechnology Index’s previous quarterly dividend of $0.04. iShares NASDAQ Biotechnology Index’s payout ratio is 2.38%.

WARNING: This piece of content was originally reported by Community Financial News and is the sole property of of Community Financial News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.com-unik.info/2018/01/10/amarillo-national-bank-raises-holdings-in-ishares-nasdaq-biotechnology-index-ibb.html.

About iShares NASDAQ Biotechnology Index

iShares Nasdaq Biotechnology ETF (the Fund), formerly iShares Nasdaq Biotechnology Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the NASDAQ Biotechnology Index (the Index). The Index contains securities of NASDAQ listed companies that are classified according to the Industry Classification Benchmark as either biotechnology or pharmaceuticals, which also meet other eligibility criteria determined by NASDAQ.

Want to see what other hedge funds are holding IBB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares NASDAQ Biotechnology Index (NASDAQ:IBB).

Institutional Ownership by Quarter for iShares NASDAQ Biotechnology Index (NASDAQ:IBB)

Receive News & Ratings for iShares NASDAQ Biotechnology Index Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares NASDAQ Biotechnology Index and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit