Avantax Advisory Services Inc. Has $513,000 Stock Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Avantax Advisory Services Inc. grew its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 10.8% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,688 shares of the exchange traded fund’s stock after buying an additional 942 shares during the quarter. Avantax Advisory Services Inc.’s holdings in SPDR S&P Bank ETF were worth $513,000 as of its most recent SEC filing.

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

SPDR S&P Bank ETF Price Performance

KBE opened at $56.27 on Wednesday. The firm has a market capitalization of $1.57 billion, a PE ratio of 12.60 and a beta of 1.14. The company’s 50-day moving average is $55.90 and its 200 day moving average is $54.48. SPDR S&P Bank ETF has a fifty-two week low of $44.34 and a fifty-two week high of $63.74.

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.