Magnus Financial Group LLC Raises Stake in SPDR S&P Bank ETF $KBE

Magnus Financial Group LLC increased its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 5.0% during the second quarter, according to its most recent filing with the SEC. The fund owned 6,602 shares of the exchange traded fund’s stock after buying an additional 313 shares during the quarter. Magnus Financial Group LLC’s holdings in SPDR S&P Bank ETF were worth $368,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp bought a new position in shares of SPDR S&P Bank ETF in the fourth quarter worth approximately $202,000. BNP Paribas Financial Markets increased its position in shares of SPDR S&P Bank ETF by 132.9% in the fourth quarter. BNP Paribas Financial Markets now owns 4,565 shares of the exchange traded fund’s stock worth $253,000 after purchasing an additional 2,605 shares during the last quarter. GTS Securities LLC increased its position in shares of SPDR S&P Bank ETF by 128.8% in the fourth quarter. GTS Securities LLC now owns 4,400 shares of the exchange traded fund’s stock worth $244,000 after purchasing an additional 19,700 shares during the last quarter. Rothschild Investment LLC increased its position in shares of SPDR S&P Bank ETF by 21.3% in the first quarter. Rothschild Investment LLC now owns 1,365 shares of the exchange traded fund’s stock worth $72,000 after purchasing an additional 240 shares during the last quarter. Finally, NBC Securities Inc. boosted its stake 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 buying an additional 1,253 shares in the last quarter.

SPDR S&P Bank ETF Price Performance

Shares of KBE opened at $59.94 on Friday. The firm has a market cap of $1.63 billion, a P/E ratio of 12.60 and a beta of 1.14. The stock has a 50 day simple moving average of $59.10 and a two-hundred day simple moving average of $55.06. SPDR S&P Bank ETF has a 1 year low of $44.34 and a 1 year high of $63.74.

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.