27,250 Shares in SPDR S&P Bank ETF $KBE Bought by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. acquired a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the third quarter, HoldingsChannel reports. The institutional investor acquired 27,250 shares of the exchange traded fund’s stock, valued at approximately $1,723,000.

Other hedge funds have also recently made changes to their positions in the company. Baird Financial Group Inc. raised its holdings in shares of SPDR S&P Bank ETF by 1.9% during the second quarter. Baird Financial Group Inc. now owns 17,579 shares of the exchange traded fund’s stock valued at $1,199,000 after acquiring an additional 327 shares in the last quarter. Jacobi Capital Management LLC purchased a new stake in SPDR S&P Bank ETF in the third quarter worth $25,000. Pathway Financial Advisers LLC purchased a new stake in SPDR S&P Bank ETF in the third quarter worth $27,000. CX Institutional purchased a new stake in SPDR S&P Bank ETF in the third quarter worth $28,000. Finally, Fifth Third Bancorp boosted its holdings in SPDR S&P Bank ETF by 7.7% in the third quarter. Fifth Third Bancorp now owns 6,545 shares of the exchange traded fund’s stock valued at $414,000 after acquiring an additional 466 shares in the last quarter.

SPDR S&P Bank ETF Price Performance

NYSEARCA:KBE traded up $0.23 during trading hours on Friday, hitting $66.45. The company had a trading volume of 972,302 shares, compared to its average volume of 1,961,888. The company has a market capitalization of $1.58 billion, a PE ratio of 12.34 and a beta of 0.92. The stock has a 50-day moving average price of $65.54 and a 200 day moving average price of $65.21. SPDR S&P Bank ETF has a 52 week low of $54.85 and a 52 week high of $71.92.

About SPDR S&P Bank ETF

The State Street SPDR S&P Bank ETF (KBE) seeks to track the investment results of the S&P Banks Select Industry Index. The fund provides exposure to publicly traded U.S. banking and related financial companies, including regional banks, diversified banks, and mortgage finance companies. The index uses a modified equal-weight methodology, helping limit the influence of individual holdings and providing broader representation across banks of different sizes. Launched on Nov. 8, 2005, the fund is managed by SSGA Funds Management, Inc.