8,700 Shares in SPDR S&P Bank ETF (NYSEARCA:KBE) Bought by Ocean Park Asset Management LLC

Ocean Park Asset Management LLC acquired a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 8,700 shares of the exchange traded fund’s stock, valued at approximately $483,000.

Several other hedge funds also recently added to or reduced their stakes in KBE. US Bancorp DE lifted its position in shares of SPDR S&P Bank ETF by 678.9% during the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 645 shares during the last quarter. New Wave Wealth Advisors LLC acquired a new stake in SPDR S&P Bank ETF during the fourth quarter valued at approximately $46,000. Heck Capital Advisors LLC bought a new position in SPDR S&P Bank ETF during the 4th quarter worth approximately $51,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P Bank ETF in the 4th quarter worth approximately $64,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter valued at approximately $84,000.

SPDR S&P Bank ETF Trading Down 1.1 %

KBE stock opened at $58.62 on Tuesday. The stock’s 50 day simple moving average is $57.58 and its 200 day simple moving average is $55.40. SPDR S&P Bank ETF has a 12-month low of $42.24 and a 12-month high of $63.74. The firm has a market cap of $1.72 billion, a P/E ratio of 7.86 and a beta of 1.42.

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.