SPDR KBW Bank (KBE) Holdings Boosted by Mariner Wealth Advisors LLC
Mariner Wealth Advisors LLC grew its stake in shares of SPDR KBW Bank (NYSE:KBE) by 4.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 22,586 shares of the exchange traded fund’s stock after buying an additional 950 shares during the period. Mariner Wealth Advisors LLC’s holdings in SPDR KBW Bank were worth $983,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. MML Investors Services LLC bought a new position in SPDR KBW Bank during the second quarter worth about $683,000. FMR LLC bought a new position in SPDR KBW Bank during the second quarter worth about $262,000. Northern Trust Corp boosted its holdings in SPDR KBW Bank by 26.1% during the second quarter. Northern Trust Corp now owns 8,108 shares of the exchange traded fund’s stock worth $353,000 after buying an additional 1,677 shares during the last quarter. D.A. Davidson & CO. boosted its holdings in SPDR KBW Bank by 7.5% during the second quarter. D.A. Davidson & CO. now owns 12,970 shares of the exchange traded fund’s stock worth $564,000 after buying an additional 905 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in SPDR KBW Bank by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 12,573 shares of the exchange traded fund’s stock worth $547,000 after buying an additional 105 shares during the last quarter.
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SPDR KBW Bank (NYSE KBE) opened at 43.48 on Friday. The firm’s 50-day moving average price is $42.10 and its 200-day moving average price is $42.76. SPDR KBW Bank has a one year low of $32.50 and a one year high of $47.00.
The business also recently declared a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 18th will be paid a $0.1653 dividend. This is a boost from SPDR KBW Bank’s previous quarterly dividend of $0.15. The ex-dividend date is Friday, September 15th. This represents a $0.66 annualized dividend and a dividend 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.
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