Madden Advisory Services Inc. Has $673,000 Position in SPDR KBW Bank (KBE)
Madden Advisory Services Inc. trimmed its position in SPDR KBW Bank (NYSE:KBE) by 1.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,478 shares of the exchange traded fund’s stock after selling 286 shares during the period. Madden Advisory Services Inc.’s holdings in SPDR KBW Bank were worth $673,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. raised its position in shares of SPDR KBW Bank by 1.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,138 shares of the exchange traded fund’s stock valued at $180,000 after acquiring an additional 47 shares during the period. IFP Advisors Inc raised its position in shares of SPDR KBW Bank by 57.3% in the 2nd quarter. IFP Advisors Inc now owns 4,577 shares of the exchange traded fund’s stock valued at $199,000 after acquiring an additional 1,667 shares during the period. FMR LLC acquired a new stake in shares of SPDR KBW Bank in the 2nd quarter valued at approximately $262,000. Parallel Advisors LLC raised its position in shares of SPDR KBW Bank by 42.7% in the 2nd quarter. Parallel Advisors LLC now owns 6,470 shares of the exchange traded fund’s stock valued at $280,000 after acquiring an additional 1,935 shares during the period. Finally, Puplava Financial Services Inc. acquired a new stake in shares of SPDR KBW Bank in the 2nd quarter valued at approximately $292,000.
Shares of SPDR KBW Bank (KBE) traded up 0.12% during mid-day trading on Friday, hitting $43.48. 1,182,952 shares of the company were exchanged. SPDR KBW Bank has a 12-month low of $32.50 and a 12-month high of $47.00. The firm has a 50 day moving average of $42.10 and a 200 day moving average of $42.76.
The firm also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Shareholders of record on Monday, September 18th will be paid a $0.1653 dividend. The ex-dividend date is Friday, September 15th. This is a positive change from SPDR KBW Bank’s previous quarterly dividend of $0.15. This represents a $0.66 annualized dividend and a yield of 1.52%.
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).
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.