Oppenheimer & Co. Inc. Purchases Shares of 17,494 SPDR S&P Bank ETF $KBE

Oppenheimer & Co. Inc. acquired a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,494 shares of the exchange traded fund’s stock, valued at approximately $1,039,000. Oppenheimer & Co. Inc. owned approximately 0.07% of SPDR S&P Bank ETF at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp increased its holdings in shares of SPDR S&P Bank ETF by 731.0% during the first quarter. Jones Financial Companies Lllp now owns 7,371 shares of the exchange traded fund’s stock valued at $390,000 after acquiring an additional 6,484 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in shares of SPDR S&P Bank ETF during the 2nd quarter valued at about $736,000. Stratos Wealth Partners LTD. purchased a new stake in shares of SPDR S&P Bank ETF during the 2nd quarter valued at about $221,000. Stephens Inc. AR increased its holdings in SPDR S&P Bank ETF by 7.3% during the second quarter. Stephens Inc. AR now owns 10,110 shares of the exchange traded fund’s stock valued at $564,000 after buying an additional 688 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of SPDR S&P Bank ETF by 161.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 61,412 shares of the exchange traded fund’s stock worth $3,424,000 after purchasing an additional 37,929 shares in the last quarter.

SPDR S&P Bank ETF Stock Up 0.6%

NYSEARCA KBE opened at $65.09 on Monday. SPDR S&P Bank ETF has a 52 week low of $44.34 and a 52 week high of $67.75. The company has a market capitalization of $1.57 billion, a P/E ratio of 12.60 and a beta of 0.97. The stock’s 50-day moving average price is $63.22 and its 200-day moving average price is $60.20.

SPDR S&P Bank ETF 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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).