Sapient Capital LLC Acquires Shares of 22,800 SPDR S&P Bank ETF $KBE

Sapient Capital LLC acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 22,800 shares of the exchange traded fund’s stock, valued at approximately $1,397,000. Sapient Capital LLC owned 0.09% of SPDR S&P Bank ETF at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Belpointe Asset Management LLC raised its position in SPDR S&P Bank ETF by 175.2% during the 3rd quarter. Belpointe Asset Management LLC now owns 16,777 shares of the exchange traded fund’s stock worth $997,000 after buying an additional 10,681 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter worth $1,039,000. ProVise Management Group LLC boosted its holdings in shares of SPDR S&P Bank ETF by 4.3% in the third quarter. ProVise Management Group LLC now owns 209,496 shares of the exchange traded fund’s stock valued at $12,448,000 after acquiring an additional 8,557 shares in the last quarter. Group One Trading LLC boosted its holdings in shares of SPDR S&P Bank ETF by 68.0% in the third quarter. Group One Trading LLC now owns 22,306 shares of the exchange traded fund’s stock valued at $1,325,000 after acquiring an additional 9,028 shares in the last quarter. Finally, Almanack Investment Partners LLC. acquired a new position in shares of SPDR S&P Bank ETF during the fourth quarter worth about $536,000.

SPDR S&P Bank ETF Stock Up 1.3%

NYSEARCA KBE opened at $62.47 on Tuesday. The stock has a market capitalization of $1.46 billion, a P/E ratio of 12.60 and a beta of 0.92. SPDR S&P Bank ETF has a 52-week low of $51.72 and a 52-week high of $67.75. The firm has a 50-day moving average price of $61.43 and a 200 day moving average price of $61.52.

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).