Bank of Montreal Can Takes Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Bank of Montreal Can bought a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the second quarter, Holdings Channel reports. The institutional investor bought 79,797 shares of the exchange traded fund’s stock, valued at approximately $3,045,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Ancora Advisors LLC purchased a new stake in SPDR S&P Bank ETF during the 1st quarter valued at $33,000. Clear Street Markets LLC raised its holdings in SPDR S&P Bank ETF by 104.7% during the 4th quarter. Clear Street Markets LLC now owns 900 shares of the exchange traded fund’s stock valued at $41,000 after buying an additional 20,000 shares during the period. Advisors Preferred LLC purchased a new stake in SPDR S&P Bank ETF during the 1st quarter valued at $43,000. Ameritas Advisory Services LLC purchased a new stake in SPDR S&P Bank ETF during the 1st quarter valued at $61,000. Finally, Nemes Rush Group LLC purchased a new stake in SPDR S&P Bank ETF during the 2nd quarter valued at $77,000.

SPDR S&P Bank ETF Stock Performance

NYSEARCA:KBE opened at $37.91 on Tuesday. The stock’s fifty day moving average is $36.97 and its 200 day moving average is $37.13. SPDR S&P Bank ETF has a fifty-two week low of $30.85 and a fifty-two week high of $50.82. The firm has a market capitalization of $1.30 billion, a PE ratio of 9.13 and a beta of 1.14.

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.