CoreCap Advisors LLC Purchases New Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

CoreCap Advisors LLC acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBEFree Report) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 5,777 shares of the exchange traded fund’s stock, valued at approximately $266,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Bank of America Corp DE grew its stake in shares of SPDR S&P Bank ETF by 646.4% in the first quarter. Bank of America Corp DE now owns 1,187,331 shares of the exchange traded fund’s stock worth $44,014,000 after purchasing an additional 1,404,640 shares in the last quarter. Morgan Stanley grew its stake in shares of SPDR S&P Bank ETF by 48.5% in the fourth quarter. Morgan Stanley now owns 2,694,163 shares of the exchange traded fund’s stock worth $121,641,000 after purchasing an additional 879,976 shares in the last quarter. Barclays PLC grew its stake in shares of SPDR S&P Bank ETF by 383.5% in the second quarter. Barclays PLC now owns 400,870 shares of the exchange traded fund’s stock worth $14,432,000 after purchasing an additional 317,954 shares in the last quarter. Balyasny Asset Management L.P. bought a new position in shares of SPDR S&P Bank ETF in the first quarter worth $10,277,000. Finally, Wharton Business Group LLC boosted its stake in SPDR S&P Bank ETF by 170.3% during the third quarter. Wharton Business Group LLC now owns 439,481 shares of the exchange traded fund’s stock valued at $16,195,000 after buying an additional 276,920 shares in the last quarter.

SPDR S&P Bank ETF Stock Up 3.2 %

Shares of KBE stock opened at $46.85 on Thursday. The stock has a 50-day simple moving average of $44.74 and a 200 day simple moving average of $41.71. SPDR S&P Bank ETF has a fifty-two week low of $30.85 and a fifty-two week high of $47.39. The stock has a market capitalization of $1.61 billion, a P/E ratio of 9.13 and a beta of 1.14.

SPDR S&P Bank ETF Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Bank ETF (NYSEARCA:KBEFree Report).

Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSEARCA:KBE)

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