Janney Montgomery Scott LLC Buys 1,963 Shares of SPDR KBW Bank (KBE)
Janney Montgomery Scott LLC grew its stake in shares of SPDR KBW Bank (NYSEARCA:KBE) by 19.2% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,167 shares of the exchange traded fund’s stock after buying an additional 1,963 shares during the period. Janney Montgomery Scott LLC’s holdings in SPDR KBW Bank were worth $549,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in the business. Advisory Services Network LLC boosted its holdings in shares of SPDR KBW Bank by 54.7% during the second quarter. Advisory Services Network LLC now owns 2,742 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 969 shares during the last quarter. Boston Advisors LLC acquired a new stake in shares of SPDR KBW Bank during the third quarter worth $210,000. LGL Partners LLC acquired a new stake in shares of SPDR KBW Bank during the third quarter worth $233,000. FMR LLC acquired a new stake in shares of SPDR KBW Bank during the second quarter worth $262,000. Finally, Argent Trust Co boosted its holdings in shares of SPDR KBW Bank by 28.7% during the third quarter. Argent Trust Co now owns 6,307 shares of the exchange traded fund’s stock worth $284,000 after purchasing an additional 1,407 shares during the last quarter.
Shares of SPDR KBW Bank (NYSEARCA KBE) opened at $48.18 on Tuesday. SPDR KBW Bank has a fifty-two week low of $39.60 and a fifty-two week high of $48.95. The stock has a market capitalization of $3,950.00 and a price-to-earnings ratio of 9.14.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 26th. Stockholders of record on Monday, December 18th will be issued a dividend of $0.2133 per share. This is a boost from SPDR KBW Bank’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, December 15th. This represents a $0.85 annualized dividend and a dividend yield of 1.77%. SPDR KBW Bank’s dividend payout ratio (DPR) is 12.14%.
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About SPDR KBW Bank
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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