Stratos Wealth Partners LTD. boosted its stake in SPDR KBW Bank (NYSE:KBE) by 18.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,174 shares of the exchange traded fund’s stock after buying an additional 1,124 shares during the period. Stratos Wealth Partners LTD.’s holdings in SPDR KBW Bank were worth $312,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Meritage Portfolio Management purchased a new stake in SPDR KBW Bank during the second quarter valued at approximately $6,219,000. Lockheed Martin Investment Management Co. purchased a new stake in SPDR KBW Bank during the second quarter valued at approximately $4,983,000. Puplava Financial Services Inc. purchased a new stake in SPDR KBW Bank during the second quarter valued at approximately $292,000. Janney Montgomery Scott LLC raised its stake in SPDR KBW Bank by 15.5% in the second quarter. Janney Montgomery Scott LLC now owns 10,204 shares of the exchange traded fund’s stock valued at $444,000 after buying an additional 1,369 shares during the period. Finally, Winfield Associates Inc. raised its stake in SPDR KBW Bank by 1.3% in the second quarter. Winfield Associates Inc. now owns 43,700 shares of the exchange traded fund’s stock valued at $1,902,000 after buying an additional 550 shares during the period.

Shares of SPDR KBW Bank (NYSE KBE) opened at 43.25 on Thursday. The firm’s 50-day moving average price is $43.48 and its 200 day moving average price is $43.34. SPDR KBW Bank has a 1-year low of $32.05 and a 1-year high of $47.00.

COPYRIGHT VIOLATION NOTICE: “Stratos Wealth Partners LTD. Increases Stake in SPDR KBW Bank (KBE)” was originally published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece of content on another website, it was copied illegally and republished in violation of US & international copyright laws. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2017/08/10/stratos-wealth-partners-ltd-increases-stake-in-spdr-kbw-bank-kbe.html.

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.

Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR KBW Bank (NYSE:KBE).

Institutional Ownership by Quarter for SPDR KBW Bank (NYSE:KBE)

Receive News & Ratings for SPDR KBW Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR KBW Bank and related companies with MarketBeat.com's FREE daily email newsletter.