Janney Montgomery Scott LLC raised its position in shares of SPDR KBW Bank (NYSE:KBE) by 15.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 10,204 shares of the exchange traded fund’s stock after buying an additional 1,369 shares during the period. Janney Montgomery Scott LLC’s holdings in SPDR KBW Bank were worth $444,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of KBE. Meritage Portfolio Management acquired a new position in shares of SPDR KBW Bank during the second quarter worth approximately $6,219,000. Puplava Financial Services Inc. acquired a new position in shares of SPDR KBW Bank during the second quarter worth approximately $292,000. First Heartland Consultants Inc. boosted its position in shares of SPDR KBW Bank by 0.7% in the second quarter. First Heartland Consultants Inc. now owns 8,753 shares of the exchange traded fund’s stock worth $381,000 after buying an additional 65 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of SPDR KBW Bank by 1.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,138 shares of the exchange traded fund’s stock worth $180,000 after buying an additional 47 shares during the last quarter.
SPDR KBW Bank (NYSE:KBE) opened at 41.40 on Monday. SPDR KBW Bank has a 12 month low of $32.50 and a 12 month high of $46.99. The firm’s 50-day moving average is $43.38 and its 200-day moving average is $43.26.
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SPDR KBW Bank 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.
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