8,364 Shares in SPDR S&P Bank ETF $KBE Acquired by South Shore Capital Advisors

South Shore Capital Advisors bought a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 8,364 shares of the exchange traded fund’s stock, valued at approximately $508,000.

Several other hedge funds have also added to or reduced their stakes in KBE. Jones Financial Companies Lllp boosted its position in SPDR S&P Bank ETF by 731.0% during the 1st quarter. Jones Financial Companies Lllp now owns 7,371 shares of the exchange traded fund’s stock worth $390,000 after buying an additional 6,484 shares during the period. Lido Advisors LLC boosted its position in SPDR S&P Bank ETF by 11.1% during the 2nd quarter. Lido Advisors LLC now owns 5,241 shares of the exchange traded fund’s stock worth $292,000 after buying an additional 525 shares during the period. Quantbot Technologies LP acquired a new stake in SPDR S&P Bank ETF during the 2nd quarter worth approximately $1,120,000. First Trust Advisors LP boosted its position in SPDR S&P Bank ETF by 5.0% during the 2nd quarter. First Trust Advisors LP now owns 44,631 shares of the exchange traded fund’s stock worth $2,489,000 after buying an additional 2,126 shares during the period. Finally, Walleye Capital LLC acquired a new stake in SPDR S&P Bank ETF during the 2nd quarter worth approximately $3,586,000.

SPDR S&P Bank ETF Price Performance

NYSEARCA:KBE opened at $60.87 on Tuesday. The firm’s 50 day simple moving average is $61.90 and its 200 day simple moving average is $60.56. SPDR S&P Bank ETF has a one year low of $44.34 and a one year high of $67.75. The company has a market cap of $1.32 billion, a PE ratio of 12.60 and a beta of 0.95.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).