Mirae Asset Global Investments Co. Ltd. Acquires New Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Mirae Asset Global Investments Co. Ltd. acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 13,200 shares of the exchange traded fund’s stock, valued at approximately $607,000.

A number of other hedge funds have also added to or reduced their stakes in the company. NBC Securities Inc. acquired a new stake in SPDR S&P Bank ETF in the third quarter valued at approximately $46,000. Capital Investment Counsel Inc acquired a new stake in SPDR S&P Bank ETF in the third quarter valued at approximately $72,000. Banque Cantonale Vaudoise acquired a new stake in SPDR S&P Bank ETF in the third quarter valued at approximately $81,000. Garde Capital Inc. acquired a new stake in SPDR S&P Bank ETF in the third quarter valued at approximately $101,000. Finally, BKM Wealth Management LLC acquired a new stake in SPDR S&P Bank ETF in the fourth quarter valued at approximately $118,000.

SPDR S&P Bank ETF Price Performance

Shares of SPDR S&P Bank ETF stock opened at $45.45 on Friday. SPDR S&P Bank ETF has a fifty-two week low of $30.85 and a fifty-two week high of $47.39. The firm has a market capitalization of $1.39 billion, a P/E ratio of 7.76 and a beta of 1.42. The company’s 50 day moving average price is $44.92 and its two-hundred day moving average price is $42.85.

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.