First Trust Advisors LP lifted its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 33.9% during the 2nd quarter, Holdings Channel reports. The firm owned 56,297 shares of the exchange traded fund’s stock after purchasing an additional 14,245 shares during the quarter. First Trust Advisors LP’s holdings in SPDR S&P Bank ETF were worth $2,655,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. PVG Asset Management Corp acquired a new position in shares of SPDR S&P Bank ETF during the 1st quarter worth about $1,225,000. Private Asset Management Inc. acquired a new position in SPDR S&P Bank ETF in the 2nd quarter valued at about $472,000. LPL Financial LLC grew its stake in SPDR S&P Bank ETF by 12.8% in the 1st quarter. LPL Financial LLC now owns 303,387 shares of the exchange traded fund’s stock valued at $14,529,000 after buying an additional 34,338 shares during the last quarter. GWM Advisors LLC acquired a new position in SPDR S&P Bank ETF in the 2nd quarter valued at about $208,000. Finally, Bank of Montreal Can acquired a new position in SPDR S&P Bank ETF in the 2nd quarter valued at about $5,413,000.

Shares of KBE opened at $49.49 on Friday. SPDR S&P Bank ETF has a 52 week low of $39.66 and a 52 week high of $52.00.

SPDR S&P Bank ETF 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.

See Also: Momentum Indicator: Relative Strength Index

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Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSEARCA:KBE)

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