O Shaughnessy Asset Management LLC Purchases 750 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

O Shaughnessy Asset Management LLC raised its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 145.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,264 shares of the exchange traded fund’s stock after buying an additional 750 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in SPDR S&P Bank ETF were worth $70,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. New Wave Wealth Advisors LLC purchased a new stake in SPDR S&P Bank ETF in the fourth quarter worth about $46,000. Jones Financial Companies Lllp increased its position in SPDR S&P Bank ETF by 1,008.8% during the 4th quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock valued at $49,000 after buying an additional 807 shares in the last quarter. Rialto Wealth Management LLC purchased a new position in SPDR S&P Bank ETF during the fourth quarter valued at $51,000. Heck Capital Advisors LLC purchased a new stake in shares of SPDR S&P Bank ETF in the fourth quarter worth $51,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at $64,000.

SPDR S&P Bank ETF Price Performance

Shares of SPDR S&P Bank ETF stock opened at $47.26 on Tuesday. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 12.58 and a beta of 0.99. SPDR S&P Bank ETF has a 1 year low of $42.77 and a 1 year high of $63.74. The firm’s 50-day moving average is $53.68 and its 200 day moving average is $55.89.

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.