MAI Capital Management Raises Stock Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

MAI Capital Management boosted its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 36.7% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 14,225 shares of the exchange traded fund’s stock after purchasing an additional 3,821 shares during the quarter. MAI Capital Management’s holdings in SPDR S&P Bank ETF were worth $752,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions 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. Lynx Investment Advisory acquired a new stake in SPDR S&P Bank ETF during the second quarter valued at approximately $45,000. Fifth Third Bancorp lifted its holdings in SPDR S&P Bank ETF by 9.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock worth $117,000 after buying an additional 220 shares during the last quarter. Balentine LLC acquired a new position in shares of SPDR S&P Bank ETF in the 3rd quarter worth approximately $140,000. Finally, Massmutual Trust Co. FSB ADV bought a new stake in shares of SPDR S&P Bank ETF in the 2nd quarter valued at approximately $134,000.

SPDR S&P Bank ETF Trading Up 1.5 %

KBE stock opened at $60.28 on Friday. The stock’s 50 day simple moving average is $54.96 and its 200 day simple moving average is $50.88. SPDR S&P Bank ETF has a 12-month low of $38.97 and a 12-month high of $61.87. The firm has a market cap of $1.77 billion, a P/E ratio of 7.86 and a beta of 1.42.

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.