NTV Asset Management LLC purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) in the 3rd quarter, Holdings Channel.com reports. The institutional investor purchased 13,710 shares of the exchange traded fund’s stock, valued at approximately $867,000.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Janney Montgomery Scott LLC raised its position in SPDR S&P Bank ETF by 1,944.1% in the 1st quarter. Janney Montgomery Scott LLC now owns 334,848 shares of the exchange traded fund’s stock valued at $19,940,000 after buying an additional 318,467 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in SPDR S&P Bank ETF by 65.7% during 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 acquiring an additional 111,649 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in SPDR S&P Bank ETF by 60.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 190,106 shares of the exchange traded fund’s stock valued at $12,969,000 after acquiring an additional 71,772 shares in the last quarter. MRA Advisory Group boosted its holdings in SPDR S&P Bank ETF by 4.9% during the 2nd quarter. MRA Advisory Group now owns 112,634 shares of the exchange traded fund’s stock worth $7,684,000 after acquiring an additional 5,234 shares during the last quarter. Finally, Quantitative Investment Management LLC purchased a new position in SPDR S&P Bank ETF during the 2nd quarter worth $4,791,000.
SPDR S&P Bank ETF Price Performance
KBE opened at $65.87 on Monday. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92. The firm’s fifty day moving average price is $66.25 and its two-hundred day moving average price is $66.24. SPDR S&P Bank ETF has a 1 year low of $54.85 and a 1 year high of $71.92.
About SPDR S&P Bank ETF
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