HB Wealth Management LLC Takes $203,000 Position in SPDR S&P Bank ETF $KBE

HB Wealth Management LLC bought a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 3,642 shares of the exchange traded fund’s stock, valued at approximately $203,000.

A number of other hedge funds have also recently modified their holdings of the stock. Magnus Financial Group LLC boosted its stake in shares of SPDR S&P Bank ETF by 5.0% in the second quarter. Magnus Financial Group LLC now owns 6,602 shares of the exchange traded fund’s stock worth $368,000 after buying an additional 313 shares during the last quarter. Sowell Financial Services LLC purchased a new stake in shares of SPDR S&P Bank ETF in the second quarter worth about $3,346,000. Anderson Hoagland & Co. purchased a new stake in shares of SPDR S&P Bank ETF in the second quarter worth about $275,000. Jones Financial Companies Lllp boosted its stake in shares of SPDR S&P Bank ETF by 731.0% in the first quarter. Jones Financial Companies Lllp now owns 7,371 shares of the exchange traded fund’s stock worth $390,000 after buying an additional 6,484 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of SPDR S&P Bank ETF by 20.4% in the first quarter. Millennium Management LLC now owns 433,405 shares of the exchange traded fund’s stock worth $22,953,000 after buying an additional 73,404 shares during the last quarter.

SPDR S&P Bank ETF Stock Down 0.6%

Shares of KBE opened at $59.30 on Wednesday. SPDR S&P Bank ETF has a 52 week low of $44.34 and a 52 week high of $63.74. The company has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.60 and a beta of 1.14. The stock’s 50-day moving average price is $59.31 and its 200-day moving average price is $55.46.

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.