Wealth Enhancement Advisory Services LLC Raises Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Wealth Enhancement Advisory Services LLC boosted its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 16.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,545 shares of the exchange traded fund’s stock after buying an additional 902 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in SPDR S&P Bank ETF were worth $347,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Jones Financial Companies Lllp grew its holdings in SPDR S&P Bank ETF by 1,008.8% in the fourth quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 807 shares during the last quarter. Rialto Wealth Management LLC purchased a new position in SPDR S&P Bank ETF in the fourth quarter worth $51,000. Heck Capital Advisors LLC purchased a new position in SPDR S&P Bank ETF in the fourth quarter worth $51,000. NBC Securities Inc. grew its holdings in SPDR S&P Bank ETF by 125,300.0% in the first quarter. NBC Securities Inc. now owns 1,254 shares of the exchange traded fund’s stock worth $66,000 after purchasing an additional 1,253 shares during the last quarter. Finally, O Shaughnessy Asset Management LLC grew its holdings in SPDR S&P Bank ETF by 145.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,264 shares of the exchange traded fund’s stock worth $70,000 after purchasing an additional 750 shares during the last quarter.

SPDR S&P Bank ETF Trading Down 1.3%

NYSEARCA KBE opened at $58.06 on Tuesday. The firm’s fifty day simple moving average is $53.88 and its two-hundred day simple moving average is $54.18. SPDR S&P Bank ETF has a 12-month low of $44.34 and a 12-month high of $63.74. The firm has a market capitalization of $1.54 billion, a P/E ratio of 12.60 and a beta of 1.14.

SPDR S&P Bank ETF 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.