13,200 Shares in SPDR S&P Bank ETF (NYSEARCA:KBE) Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 13,200 shares of the exchange traded fund’s stock, valued at approximately $607,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd purchased a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter valued at approximately $180,000. Stratos Wealth Partners LTD. purchased a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at approximately $937,000. Great Valley Advisor Group Inc. lifted its stake in shares of SPDR S&P Bank ETF by 24.7% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 7,083 shares of the exchange traded fund’s stock valued at $261,000 after buying an additional 1,401 shares in the last quarter. Webster Bank N. A. purchased a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at approximately $218,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of SPDR S&P Bank ETF by 7,457.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,162 shares of the exchange traded fund’s stock valued at $301,000 after buying an additional 8,054 shares in the last quarter.

SPDR S&P Bank ETF Trading Down 1.1 %

Shares of KBE stock opened at $45.45 on Friday. The stock has a market capitalization of $1.39 billion, a P/E ratio of 7.76 and a beta of 1.42. The firm’s 50 day moving average is $44.92 and its 200 day moving average is $42.85. SPDR S&P Bank ETF has a 12 month low of $30.85 and a 12 month 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.