Segment Wealth Management LLC acquired a new position in SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 17,500 shares of the exchange traded fund’s stock, valued at approximately $1,106,000.
Other institutional investors and hedge funds have also bought and sold shares of the company. Janney Montgomery Scott LLC boosted its holdings in SPDR S&P Bank ETF by 1,944.1% in the first quarter. Janney Montgomery Scott LLC now owns 334,848 shares of the exchange traded fund’s stock valued at $19,940,000 after acquiring an additional 318,467 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in shares of SPDR S&P Bank ETF by 65.7% in the 1st quarter. Bank of New York Mellon Corp now owns 281,665 shares of the exchange traded fund’s stock valued at $16,773,000 after purchasing an additional 111,649 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of SPDR S&P Bank ETF by 60.7% during the second quarter. Envestnet Asset Management Inc. now owns 190,106 shares of the exchange traded fund’s stock valued at $12,969,000 after purchasing an additional 71,772 shares in the last quarter. MRA Advisory Group boosted its position in shares of SPDR S&P Bank ETF by 4.9% during the second quarter. MRA Advisory Group now owns 112,634 shares of the exchange traded fund’s stock valued at $7,684,000 after purchasing an additional 5,234 shares in the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in SPDR S&P Bank ETF in the second quarter worth $4,791,000.
SPDR S&P Bank ETF Stock Down 0.1%
Shares of KBE stock opened at $66.06 on Wednesday. The business’s fifty day moving average is $66.09 and its 200 day moving average is $64.99. The stock has a market cap of $1.46 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92. SPDR S&P Bank ETF has a twelve month low of $54.85 and a twelve month high of $71.92.
SPDR S&P Bank ETF Profile
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