Bank of New York Mellon Corp Buys 111,649 Shares of SPDR S&P Bank ETF $KBE

Bank of New York Mellon Corp boosted its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 65.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,665 shares of the exchange traded fund’s stock after buying an additional 111,649 shares during the quarter. Bank of New York Mellon Corp’s holdings in SPDR S&P Bank ETF were worth $16,773,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the stock. FWL Investment Management LLC bought a new position in shares of SPDR S&P Bank ETF during the third quarter valued at $32,000. Advocate Investing Services LLC bought a new stake in shares of SPDR S&P Bank ETF in the 4th quarter worth about $43,000. Camelot Portfolios LLC bought a new stake in shares of SPDR S&P Bank ETF in the 4th quarter worth about $50,000. EFG International AG acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $76,000. Finally, Capital Investment Counsel Inc acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $86,000.

SPDR S&P Bank ETF Stock Down 0.9%

Shares of KBE stock opened at $69.65 on Thursday. SPDR S&P Bank ETF has a 12-month low of $54.42 and a 12-month high of $71.42. The company has a market capitalization of $1.65 billion, a P/E ratio of 12.60 and a beta of 0.89. The firm has a 50-day moving average price of $66.90 and a 200 day moving average price of $64.08.

SPDR S&P Bank ETF 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).