International Assets Investment Management LLC Acquires New Position 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 4th quarter, Holdings Channel.com reports. The firm acquired 3,801 shares of the exchange traded fund’s stock, valued at approximately $209,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wilmington Savings Fund Society FSB acquired a new stake in shares of SPDR S&P Bank ETF in the third quarter valued at about $88,000. Sanctuary Advisors LLC acquired a new position in SPDR S&P Bank ETF during the third quarter worth about $295,000. MML Investors Services LLC raised its position in SPDR S&P Bank ETF by 433.1% during the third quarter. MML Investors Services LLC now owns 30,911 shares of the exchange traded fund’s stock worth $1,635,000 after acquiring an additional 25,113 shares during the last quarter. Quadrature Capital Ltd acquired a new position in SPDR S&P Bank ETF during the third quarter worth about $523,000. Finally, Walleye Capital LLC acquired a new position in SPDR S&P Bank ETF during the third quarter worth about $524,000.

SPDR S&P Bank ETF Trading Up 1.2 %

Shares of KBE opened at $54.19 on Tuesday. The stock has a market cap of $1.59 billion, a P/E ratio of 7.86 and a beta of 1.42. The company has a 50-day moving average of $58.40 and a two-hundred day moving average of $54.17. SPDR S&P Bank ETF has a 12-month low of $42.13 and a 12-month high of $63.74.

SPDR S&P Bank ETF Company 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.