1 day Ago By ABMN Staff
Wells Fargo & Company MN raised its stake in SPDR S&P Bank ETF ( NYSEARCA:KBE – Free Report ) by 6.0% in the 4th quarter, HoldingsChannel.com reports.
The firm owned 346,511 shares of the exchange traded fund’s stock after acquiring an additional 19,753 shares during the period. Wells Fargo & Company MN’s holdings in SPDR S&P Bank ETF were worth $19,221,000 at the end of the most recent quarter. A number of other institutional investors have also recently made changes to their positions in KBE.
FMR LLC raised its holdings in SPDR S&P Bank ETF by 20.6% during the 3rd quarter. FMR LLC now owns 4,309 shares of the exchange traded fund’s stock valued at $229,000 after buying an additional 736 shares during the last quarter.
Sanctuary Advisors LLC bought a new position in shares of SPDR S&P Bank ETF during the third quarter valued at about $295,000. Janney Montgomery Scott LLC boosted its holdings in shares of SPDR S&P Bank ETF by 1.6% during the fourth quarter.
Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock worth $985,000 after purchasing an additional 278 shares during the period. Truist Financial Corp grew its stake in shares of SPDR S&P Bank ETF by 7.0% in the fourth quarter.
Truist Financial Corp now owns 9,972 shares of the exchange traded fund’s stock worth $553,000 after purchasing an additional 649 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC increased its holdings in SPDR S&P Bank ETF by 43.2% during the 4th quarter.
Steward Partners Investment Advisory LLC now owns 12,655 shares of the exchange traded fund’s stock valued at $702,000 after purchasing an additional 3,815 shares during the period. SPDR S&P Bank ETF Stock Performance NYSEARCA KBE opened at $46.46 on Monday.
The stock has a market cap of $1.76 billion, a P/E ratio of 12.58 and a beta of 0.
99. SPDR S&P Bank ETF has a fifty-two week low of $42.77 and a fifty-two week high of $63.
74. The stock has a 50 day simple moving average of $53.92 and a two-hundred day simple moving average of $55.
93. 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.
Recommended Stories Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Bank ETF ( NYSEARCA:KBE – Free Report ). Receive News & Ratings for SPDR S&P Bank ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Bank ETF and related companies with MarketBeat.
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