Truist Financial Corp Buys 4,328 Shares of SPDR S&P Bank ETF $KBE

Truist Financial Corp raised its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 41.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,648 shares of the exchange traded fund’s stock after acquiring an additional 4,328 shares during the quarter. Truist Financial Corp owned approximately 0.05% of SPDR S&P Bank ETF worth $817,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. HB Wealth Management LLC bought a new stake in SPDR S&P Bank ETF during the second quarter worth about $203,000. Magnus Financial Group LLC lifted its holdings in shares of SPDR S&P Bank ETF by 5.0% during the second quarter. Magnus Financial Group LLC now owns 6,602 shares of the exchange traded fund’s stock valued at $368,000 after purchasing an additional 313 shares during the last quarter. Sowell Financial Services LLC bought a new stake in shares of SPDR S&P Bank ETF in the 2nd quarter worth approximately $3,346,000. Anderson Hoagland & Co. purchased a new stake in shares of SPDR S&P Bank ETF in the 2nd quarter worth approximately $275,000. Finally, Jones Financial Companies Lllp grew its stake in shares of SPDR S&P Bank ETF by 731.0% in the 1st 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.

SPDR S&P Bank ETF Trading Up 2.0%

NYSEARCA KBE opened at $57.59 on Tuesday. SPDR S&P Bank ETF has a 12 month low of $44.34 and a 12 month high of $63.74. The stock has a market cap of $1.44 billion, a P/E ratio of 12.60 and a beta of 1.14. The stock’s fifty day moving average price is $59.46 and its 200-day moving average price is $55.59.

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.