SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC boosted its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 18.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,936 shares of the exchange traded fund’s stock after purchasing an additional 919 shares during the period. Cerity Partners LLC’s holdings in SPDR S&P Bank ETF were worth $329,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Institute for Wealth Management LLC. grew its position in SPDR S&P Bank ETF by 4.3% in the fourth quarter. Institute for Wealth Management LLC. now owns 4,606 shares of the exchange traded fund’s stock worth $255,000 after buying an additional 189 shares during the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of SPDR S&P Bank ETF by 2.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,746 shares of the exchange traded fund’s stock worth $485,000 after acquiring an additional 236 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of SPDR S&P Bank ETF by 1.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock valued at $985,000 after purchasing an additional 278 shares during the last quarter. IFP Advisors Inc boosted its position in shares of SPDR S&P Bank ETF by 6.4% in the 4th quarter. IFP Advisors Inc now owns 5,000 shares of the exchange traded fund’s stock valued at $277,000 after purchasing an additional 300 shares during the period. Finally, Private Advisor Group LLC increased its stake in SPDR S&P Bank ETF by 1.5% in the 4th quarter. Private Advisor Group LLC now owns 35,106 shares of the exchange traded fund’s stock worth $1,947,000 after purchasing an additional 529 shares in the last quarter.

SPDR S&P Bank ETF Trading Up 1.8 %

KBE stock opened at $49.86 on Thursday. SPDR S&P Bank ETF has a one year low of $43.64 and a one year high of $63.74. The firm has a 50-day moving average of $52.19 and a two-hundred day moving average of $55.66. The firm has a market capitalization of $1.47 billion, a PE ratio of 11.56 and a beta of 0.99.

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.