Correct XBI's 2014 adjusted closing prices
XBI split 3:1 in 2015. At some later time Yahoo divided XBI's historical closing prices before the split by 3 to reflect the split. However Yahoo did not divide the historical dividends by 3. Now Yahoo's 2014 adjusted closing prices for XBI are simply WRONG. On each of the four ex-dividend days in 2014 an investor credited with receiving thee times the dividend he actually received.
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Victor Norton
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Victor Norton commented
That last sentence is supposed to read: ... an investor is credited with receiving 3 times the dividend he actually received.