SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Purchased by Janney Montgomery Scott LLC

Janney Montgomery Scott LLC raised its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 17,759 shares of the exchange traded fund’s stock after acquiring an additional 278 shares during the quarter. Janney Montgomery Scott LLC’s holdings in SPDR S&P Bank ETF were worth $985,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of KBE. US Bancorp DE lifted its stake in SPDR S&P Bank ETF by 678.9% in the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 645 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $64,000. RPg Family Wealth Advisory LLC purchased a new position in shares of SPDR S&P Bank ETF in the third quarter valued at approximately $84,000. Wilmington Savings Fund Society FSB purchased a new position in shares of SPDR S&P Bank ETF in the third quarter valued at approximately $88,000. Finally, Balentine LLC acquired a new stake in shares of SPDR S&P Bank ETF in the third quarter worth approximately $140,000.

SPDR S&P Bank ETF Stock Performance

NYSEARCA KBE opened at $59.38 on Thursday. SPDR S&P Bank ETF has a one year low of $42.13 and a one year high of $63.74. The business has a fifty day moving average price of $57.73 and a 200 day moving average price of $55.27. The company has a market cap of $1.74 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.