SPDR KBW Bank (KBE) Stake Increased by TD Asset Management Inc.
TD Asset Management Inc. boosted its stake in SPDR KBW Bank (NYSE:KBE) by 1.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 460,000 shares of the exchange traded fund’s stock after buying an additional 8,000 shares during the period. TD Asset Management Inc.’s holdings in SPDR KBW Bank were worth $20,019,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Meritage Portfolio Management purchased a new position in shares of SPDR KBW Bank during the second quarter valued at $6,219,000. Seatown Holdings Pte. Ltd. increased its position in shares of SPDR KBW Bank by 76.7% in the second quarter. Seatown Holdings Pte. Ltd. now owns 299,442 shares of the exchange traded fund’s stock valued at $13,032,000 after buying an additional 130,000 shares in the last quarter. Lockheed Martin Investment Management Co. purchased a new position in shares of SPDR KBW Bank during the second quarter valued at $4,983,000. Chicago Partners Investment Group LLC increased its position in shares of SPDR KBW Bank by 3,439.8% in the second quarter. Chicago Partners Investment Group LLC now owns 20,000 shares of the exchange traded fund’s stock valued at $870,000 after buying an additional 19,435 shares in the last quarter. Finally, Puplava Financial Services Inc. purchased a new position in shares of SPDR KBW Bank during the second quarter valued at $292,000.
SPDR KBW Bank (NYSE KBE) opened at 41.85 on Friday. The company has a 50-day moving average of $43.46 and a 200 day moving average of $43.32. SPDR KBW Bank has a one year low of $32.42 and a one year high of $47.00.
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About SPDR KBW Bank
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.
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