Raymond James Financial Inc. Purchases New Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 211,092 shares of the exchange traded fund’s stock, valued at approximately $11,709,000. Raymond James Financial Inc. owned approximately 0.72% of SPDR S&P Bank ETF as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. New Wave Wealth Advisors LLC bought a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at about $46,000. Jones Financial Companies Lllp raised its holdings in SPDR S&P Bank ETF by 1,008.8% during the 4th quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock worth $49,000 after buying an additional 807 shares during the period. Heck Capital Advisors LLC purchased a new stake in shares of SPDR S&P Bank ETF in the 4th quarter valued at approximately $51,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Bank ETF during the fourth quarter valued at $64,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of SPDR S&P Bank ETF in the third quarter worth approximately $84,000.

SPDR S&P Bank ETF Stock Down 0.5 %

SPDR S&P Bank ETF stock opened at $53.39 on Friday. SPDR S&P Bank ETF has a 12 month low of $42.77 and a 12 month high of $63.74. The company’s fifty day simple moving average is $56.54 and its 200-day simple moving average is $56.17. The stock has a market cap of $2.27 billion, a P/E ratio of 12.60 and a beta of 1.14.

About SPDR S&P Bank ETF

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.