South Shore Capital Advisors Buys Shares of 8,364 SPDR S&P Bank ETF $KBE

South Shore Capital Advisors purchased a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 8,364 shares of the exchange traded fund’s stock, valued at approximately $508,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Accel Wealth Management bought a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at approximately $229,000. Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of SPDR S&P Bank ETF by 195.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,360 shares of the exchange traded fund’s stock valued at $143,000 after purchasing an additional 1,560 shares during the last quarter. MRA Advisory Group bought a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at approximately $6,934,000. SG Americas Securities LLC grew its holdings in shares of SPDR S&P Bank ETF by 902.3% during the 4th quarter. SG Americas Securities LLC now owns 32,846 shares of the exchange traded fund’s stock valued at $1,993,000 after purchasing an additional 29,569 shares during the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at approximately $212,000.

SPDR S&P Bank ETF Trading Up 1.0%

Shares of SPDR S&P Bank ETF stock opened at $60.87 on Tuesday. The firm has a market capitalization of $1.32 billion, a PE ratio of 12.60 and a beta of 0.95. The firm’s 50 day moving average is $61.90 and its 200 day moving average is $60.56. SPDR S&P Bank ETF has a 1 year low of $44.34 and a 1 year high of $67.75.

About SPDR S&P Bank ETF

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).