Janney Montgomery Scott LLC Raises Stock Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Janney Montgomery Scott LLC raised its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 1.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 17,759 shares of the exchange traded fund’s stock after purchasing an additional 278 shares during the quarter. Janney Montgomery Scott LLC owned 0.06% of SPDR S&P Bank ETF worth $985,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. US Bancorp DE grew its holdings in SPDR S&P Bank ETF by 678.9% during the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 645 shares during the period. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P Bank ETF in the 4th quarter valued at $64,000. RPg Family Wealth Advisory LLC acquired a new position in shares of SPDR S&P Bank ETF in the 3rd quarter valued at $84,000. Wilmington Savings Fund Society FSB acquired a new stake in SPDR S&P Bank ETF during the third quarter valued at $88,000. Finally, Balentine LLC acquired a new stake in SPDR S&P Bank ETF during the third quarter valued at $140,000.

SPDR S&P Bank ETF Stock Performance

Shares of SPDR S&P Bank ETF stock opened at $59.38 on Thursday. The firm has a 50-day simple moving average of $57.73 and a two-hundred day simple moving average of $55.27. SPDR S&P Bank ETF has a fifty-two week low of $42.13 and a fifty-two week high of $63.74. The company has a market cap of $1.74 billion, a P/E ratio of 7.86 and a beta of 1.42.

SPDR S&P Bank ETF Company 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.