Truist Financial Corp Buys 649 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Truist Financial Corp raised its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 9,972 shares of the exchange traded fund’s stock after purchasing an additional 649 shares during the period. Truist Financial Corp’s holdings in SPDR S&P Bank ETF were worth $553,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KBE. US Bancorp DE raised its position in SPDR S&P Bank ETF by 678.9% during the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 645 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in SPDR S&P Bank ETF during the 4th quarter worth $46,000. Heck Capital Advisors LLC bought a new position in SPDR S&P Bank ETF during the 4th quarter worth $51,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P Bank ETF during the 4th quarter worth $64,000. Finally, RPg Family Wealth Advisory LLC bought a new position in shares of SPDR S&P Bank ETF in the 3rd quarter worth about $84,000.

SPDR S&P Bank ETF Trading Down 1.2 %

KBE stock opened at $56.65 on Tuesday. The stock has a 50-day moving average price of $57.22 and a 200-day moving average price of $56.17. SPDR S&P Bank ETF has a 1-year low of $42.77 and a 1-year high of $63.74. The firm has a market cap of $2.68 billion, a PE ratio of 13.73 and a beta of 1.15.

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.