5 Top ETFs With Exposure To Biogen

5 Top ETFs With Exposure To Biogen

For the first time in 18 years, there was a new treatment for Alzheimer’s Disease approved by the FDA.

Aducanumab from Biogen Inc BIIB was approved as a drug that can reduce the clinical decline of dementia. The FDA concluded using Aduhelm (the marketing name of Aducanumab) for Alzheimer’s patients outweighs the risk of therapy.

The result saw Biogen shares halted for hours Monday before reopening for trade at $449, significantly above the 52-week high of $363.92. Investors sent shares of ETFs with Biogen up higher prior to shares of Biogen resuming trade.

Here is a look at five ETFs with large exposure to Biogen shares (data as of June 4 from ETFdb.com and the company’s websites).

Invesco Dynamic Biotechnology & Genome ETF PBE: +5.1%

The Invesco Dynamic Biotechnology & Genome ETF follows the Dynamic Biotech & Genome index, investing at least 90% of assets in securities found in the index. The index includes 30 companies in the sector. The ETF rebalances quarterly in February, May, August and November.

Biogen is the second-largest weighted stock in the PBE ETF at 5.23% of assets. Eight of the 31 holdings in the ETF have a weighting of 4.8% or more including Illumina Inc ILMN, Gilead Sciences GILD 0.01%, Bio-Techne TECH 1.08%, Alexion Pharmaceuticals ALXN 0.47%, Amgen Inc AMGN 0.14%Catalent Inc CTLT 2.87% and Qiagen QGEN 1.31%.

VanEck Vectors Biotech ETF: (NASDAQ: BBH): +4.6%

The VanEck Vectors Biotech ETF follows the MVIS Us Listed Biotech 25 Index, which tracks the performance of companies involved in genetic analysis and diagnostics equipment.

Biogen is the eighth largest holding in the ETF at 4.8% of assets. The ETF’s top holdings are Amgen, Moderna Inc MRNA 6.55% and BioNTech BNTX 2.08% at 9%, 7.2% and 5.8% of assets respectively.

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