Janney Montgomery Scott LLC Takes $925,000 Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Janney Montgomery Scott LLC purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 17,481 shares of the exchange traded fund’s stock, valued at approximately $925,000. Janney Montgomery Scott LLC owned 0.06% of SPDR S&P Bank ETF as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Fifth Third Bancorp grew its holdings in SPDR S&P Bank ETF by 9.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock worth $117,000 after acquiring an additional 220 shares in the last quarter. Private Advisor Group LLC raised its position in shares of SPDR S&P Bank ETF by 3.7% during the 2nd quarter. Private Advisor Group LLC now owns 34,855 shares of the exchange traded fund’s stock worth $1,617,000 after buying an additional 1,241 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of SPDR S&P Bank ETF by 14.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,968 shares of the exchange traded fund’s stock worth $316,000 after buying an additional 769 shares in the last quarter. Essex Financial Services Inc. bought a new stake in shares of SPDR S&P Bank ETF in the 2nd quarter worth approximately $241,000. Finally, SG Americas Securities LLC raised its holdings in shares of SPDR S&P Bank ETF by 0.4% in the 2nd quarter. SG Americas Securities LLC now owns 175,616 shares of the exchange traded fund’s stock worth $8,147,000 after purchasing an additional 734 shares in the last quarter.

SPDR S&P Bank ETF Stock Up 0.1 %

KBE stock opened at $59.96 on Friday. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 12 month low of $38.97 and a 12 month high of $61.87. The firm has a 50 day moving average of $54.45 and a two-hundred day moving average of $50.55.

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.