Envestnet Asset Management Inc. Acquires 504 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Envestnet Asset Management Inc. boosted its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 2.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,483 shares of the exchange traded fund’s stock after buying an additional 504 shares during the period. Envestnet Asset Management Inc. owned approximately 0.08% of SPDR S&P Bank ETF worth $1,244,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Golden State Wealth Management LLC lifted its stake in SPDR S&P Bank ETF by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 600 shares of the exchange traded fund’s stock valued at $32,000 after buying an additional 300 shares in the last quarter. Heck Capital Advisors LLC bought a new stake in SPDR S&P Bank ETF in the 4th quarter valued at $51,000. NBC Securities Inc. lifted its position in SPDR S&P Bank ETF by 125,300.0% in the 1st quarter. NBC Securities Inc. now owns 1,254 shares of the exchange traded fund’s stock valued at $66,000 after acquiring an additional 1,253 shares in the last quarter. Provident Wealth Management LLC acquired a new position in SPDR S&P Bank ETF in the 1st quarter worth $66,000. Finally, O Shaughnessy Asset Management LLC increased its holdings in SPDR S&P Bank ETF by 145.9% during the 4th 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 in the last quarter.

SPDR S&P Bank ETF Trading Down 1.7%

SPDR S&P Bank ETF stock opened at $55.26 on Friday. SPDR S&P Bank ETF has a 1-year low of $44.34 and a 1-year high of $63.74. The company has a fifty day simple moving average of $55.79 and a 200 day simple moving average of $54.52. The company has a market cap of $1.49 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.