Cerity Partners LLC Invests $213,000 in SPDR S&P Bank ETF (NYSEARCA:KBE)

Cerity Partners LLC acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 4,628 shares of the exchange traded fund’s stock, valued at approximately $213,000.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Harvest Fund Management Co. Ltd purchased a new stake in shares of SPDR S&P Bank ETF during the third quarter valued at about $180,000. Stratos Wealth Partners LTD. purchased a new stake in SPDR S&P Bank ETF during the fourth quarter valued at approximately $937,000. Great Valley Advisor Group Inc. boosted its stake in SPDR S&P Bank ETF by 24.7% in the third quarter. Great Valley Advisor Group Inc. now owns 7,083 shares of the exchange traded fund’s stock valued at $261,000 after acquiring an additional 1,401 shares in the last quarter. Webster Bank N. A. purchased a new position in SPDR S&P Bank ETF in the fourth quarter worth $218,000. Finally, Tower Research Capital LLC TRC increased its position in shares of SPDR S&P Bank ETF by 7,457.4% during the third quarter. Tower Research Capital LLC TRC now owns 8,162 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 8,054 shares in the last quarter.

SPDR S&P Bank ETF Trading Down 0.5 %

Shares of KBE opened at $45.10 on Tuesday. SPDR S&P Bank ETF has a 12 month low of $30.85 and a 12 month high of $47.39. The stock has a fifty day moving average price of $44.95 and a 200-day moving average price of $43.06. The firm has a market cap of $1.38 billion, a PE ratio of 7.76 and a beta of 1.42.

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.