Harvest Fund Management Co. Ltd Purchases 7,001 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Harvest Fund Management Co. Ltd increased its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 143.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,892 shares of the exchange traded fund’s stock after purchasing an additional 7,001 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in SPDR S&P Bank ETF were worth $547,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of KBE. NBC Securities Inc. acquired a new position in SPDR S&P Bank ETF during the third quarter worth about $46,000. CWM LLC raised its stake in SPDR S&P Bank ETF by 34.7% during 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 in the last quarter. Capital Investment Counsel Inc acquired a new position in SPDR S&P Bank ETF during the third quarter worth about $72,000. Banque Cantonale Vaudoise acquired a new position in SPDR S&P Bank ETF during the third quarter worth about $81,000. Finally, Garde Capital Inc. acquired a new position in shares of SPDR S&P Bank ETF in the third quarter valued at approximately $101,000.

SPDR S&P Bank ETF Stock Performance

Shares of SPDR S&P Bank ETF stock traded up $0.32 on Wednesday, hitting $45.96. The stock had a trading volume of 1,131,380 shares, compared to its average volume of 2,377,760. The stock has a 50 day moving average of $44.87 and a 200 day moving average of $42.81. SPDR S&P Bank ETF has a twelve month low of $30.85 and a twelve month high of $47.39. The firm has a market capitalization of $1.40 billion, a P/E ratio of 7.76 and a beta of 1.42.

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.