IPG Investment Advisors LLC Takes $920,000 Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

IPG Investment Advisors LLC acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBEFree Report) in the 4th quarter, HoldingsChannel.com reports. The fund acquired 19,990 shares of the exchange traded fund’s stock, valued at approximately $920,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its holdings in shares of SPDR S&P Bank ETF by 34.7% in the fourth quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 333 shares during the last quarter. Great Valley Advisor Group Inc. raised its holdings in shares of SPDR S&P Bank ETF by 6.2% in the fourth quarter. Great Valley Advisor Group Inc. now owns 7,522 shares of the exchange traded fund’s stock worth $346,000 after acquiring an additional 439 shares during the last quarter. Capital Investment Counsel Inc raised its holdings in shares of SPDR S&P Bank ETF by 25.0% in the fourth quarter. Capital Investment Counsel Inc now owns 2,428 shares of the exchange traded fund’s stock worth $112,000 after acquiring an additional 486 shares during the last quarter. Toth Financial Advisory Corp grew its position in shares of SPDR S&P Bank ETF by 12.3% in the fourth quarter. Toth Financial Advisory Corp now owns 5,390 shares of the exchange traded fund’s stock valued at $248,000 after purchasing an additional 590 shares during the period. Finally, Mutual Advisors LLC grew its position in shares of SPDR S&P Bank ETF by 10.3% in the third quarter. Mutual Advisors LLC now owns 6,856 shares of the exchange traded fund’s stock valued at $253,000 after purchasing an additional 641 shares during the period.

SPDR S&P Bank ETF Stock Up 0.7 %

Shares of NYSEARCA:KBE traded up $0.30 during midday trading on Monday, reaching $46.23. The company’s stock had a trading volume of 661,500 shares, compared to its average volume of 2,165,432. The business has a 50 day moving average price of $45.80 and a 200 day moving average price of $44.49. SPDR S&P Bank ETF has a 1 year low of $33.67 and a 1 year high of $48.32. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

SPDR S&P Bank ETF Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Bank ETF (NYSEARCA:KBEFree Report).

Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSEARCA:KBE)

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