Crescent Grove Advisors LLC purchased a new position in SPDR KBW Bank (NYSE:KBE) during the second quarter, Holdings Channel reports. The firm purchased 18,465 shares of the exchange traded fund’s stock, valued at approximately $804,000.

A number of other hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its stake 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 period. IFP Advisors Inc raised its stake in shares of SPDR KBW Bank by 57.3% in the second quarter. IFP Advisors Inc now owns 4,577 shares of the exchange traded fund’s stock worth $199,000 after buying an additional 1,667 shares during the period. Puplava Financial Services Inc. acquired a new stake in shares of SPDR KBW Bank during the second quarter worth about $292,000. Stratos Wealth Partners LTD. raised its stake in shares of SPDR KBW Bank by 18.6% in the second quarter. Stratos Wealth Partners LTD. now owns 7,174 shares of the exchange traded fund’s stock worth $312,000 after buying an additional 1,124 shares during the period. Finally, First Heartland Consultants Inc. raised its stake 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 period.

Shares of SPDR KBW Bank (NYSE KBE) opened at 42.11 on Friday. SPDR KBW Bank has a 52 week low of $32.05 and a 52 week high of $47.00. The firm’s 50-day moving average is $43.47 and its 200-day moving average is $43.33.

TRADEMARK VIOLATION WARNING: “Crescent Grove Advisors LLC Invests $804,000 in SPDR KBW Bank (NYSE:KBE)” was originally posted by Daily Political and is owned by of Daily Political. If you are accessing this report on another site, it was illegally stolen and republished in violation of United States & international trademark & copyright law. The legal version of this report can be read at https://www.dailypolitical.com/2017/08/11/crescent-grove-advisors-llc-invests-804000-in-spdr-kbw-bank-nysekbe.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.