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

International Assets Investment Management LLC acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. 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 also recently bought and sold shares of the business. Citigroup Inc. boosted its holdings in shares of SPDR S&P Bank ETF by 372.7% in the third quarter. Citigroup Inc. now owns 1,339,899 shares of the exchange traded fund’s stock valued at $70,867,000 after acquiring an additional 1,056,448 shares in the last quarter. Janney Capital Management LLC purchased a new stake in shares of SPDR S&P Bank ETF in the third quarter valued at about $19,805,000. ProVise Management Group LLC boosted its holdings in shares of SPDR S&P Bank ETF by 3.3% in the second quarter. ProVise Management Group LLC now owns 190,879 shares of the exchange traded fund’s stock valued at $8,855,000 after acquiring an additional 6,038 shares in the last quarter. Alaska Permanent Fund Corp boosted its holdings in shares of SPDR S&P Bank ETF by 45.7% in the third quarter. Alaska Permanent Fund Corp now owns 153,000 shares of the exchange traded fund’s stock valued at $8,092,000 after acquiring an additional 48,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of SPDR S&P Bank ETF by 92.7% in the second quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock valued at $4,244,000 after acquiring an additional 44,020 shares in the last quarter.

SPDR S&P Bank ETF Stock Up 1.2 %

Shares of NYSEARCA:KBE opened at $54.19 on Tuesday. The company has a market cap of $1.59 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The firm’s 50-day simple moving average is $58.40 and its 200-day simple moving average is $54.17. SPDR S&P Bank ETF has a fifty-two week low of $42.13 and a fifty-two week 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.