International Assets Investment Management LLC Acquires New Shares in SPDR S&P Bank ETF (NYSEARCA:KBE)

International Assets Investment Management LLC acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, Holdings Channel.com reports. The firm acquired 66,437 shares of the exchange traded fund’s stock, valued at approximately $3,057,000.

Other hedge funds have also bought and sold shares of the company. Bank of America Corp DE grew its position in shares of SPDR S&P Bank ETF by 646.4% during the 1st quarter. Bank of America Corp DE now owns 1,187,331 shares of the exchange traded fund’s stock valued at $44,014,000 after purchasing an additional 1,404,640 shares in the last quarter. Morgan Stanley grew its position in shares of SPDR S&P Bank ETF by 48.5% during the 4th quarter. Morgan Stanley now owns 2,694,163 shares of the exchange traded fund’s stock valued at $121,641,000 after purchasing an additional 879,976 shares in the last quarter. Balyasny Asset Management L.P. purchased a new position in shares of SPDR S&P Bank ETF during the 1st quarter valued at $10,277,000. Wharton Business Group LLC grew its position in shares of SPDR S&P Bank ETF by 170.3% during the 3rd quarter. Wharton Business Group LLC now owns 439,481 shares of the exchange traded fund’s stock valued at $16,195,000 after purchasing an additional 276,920 shares in the last quarter. Finally, Captrust Financial Advisors grew its position in shares of SPDR S&P Bank ETF by 475.0% during the 2nd quarter. Captrust Financial Advisors now owns 300,546 shares of the exchange traded fund’s stock valued at $10,820,000 after purchasing an additional 248,281 shares in the last quarter.

SPDR S&P Bank ETF Price Performance

KBE opened at $43.40 on Friday. The company has a fifty day moving average price of $44.78 and a 200-day moving average price of $42.52. The firm has a market capitalization of $1.33 billion, a P/E ratio of 7.76 and a beta of 1.42. SPDR S&P Bank ETF has a one year low of $30.85 and a one year high of $47.39.

SPDR S&P Bank ETF Profile

SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF (the Fund), seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The S&P Banks Select Industry Index is a float adjusted modified-market, capitalization-weighted index that seeks to reflect the performance of publicly traded companies that do business as banks or thrifts.