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 SPDR S&P Bank ETF (NYSEARCA:KBE) by 143.1% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 11,892 shares of the exchange traded fund’s stock after buying 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.

A number of other hedge funds also recently bought and sold shares of KBE. CWM LLC increased its stake in SPDR S&P Bank ETF by 34.7% in the 4th quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock worth $59,000 after purchasing an additional 333 shares during the period. Toth Financial Advisory Corp increased its stake in shares of SPDR S&P Bank ETF by 12.3% during the fourth quarter. Toth Financial Advisory Corp now owns 5,390 shares of the exchange traded fund’s stock valued at $248,000 after buying an additional 590 shares during the period. Mutual Advisors LLC increased its stake in shares of SPDR S&P Bank ETF by 10.3% during the third quarter. Mutual Advisors LLC now owns 6,856 shares of the exchange traded fund’s stock valued at $253,000 after buying an additional 641 shares during the period. SOL Capital Management CO increased its stake in shares of SPDR S&P Bank ETF by 19.7% during the fourth quarter. SOL Capital Management CO now owns 6,907 shares of the exchange traded fund’s stock valued at $318,000 after buying an additional 1,136 shares during the period. Finally, NBC Securities Inc. purchased a new position in shares of SPDR S&P Bank ETF during the third quarter valued at approximately $46,000.

SPDR S&P Bank ETF Stock Up 0.7 %

Shares of KBE traded up $0.32 during mid-day trading on Wednesday, hitting $45.96. 1,131,380 shares of the company’s stock traded hands, compared to its average volume of 2,377,760. SPDR S&P Bank ETF has a 1 year low of $30.85 and a 1 year 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. The business’s 50-day moving average price is $44.87 and its 200-day moving average price is $42.81.

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.