SPDR S&P Bank ETF $KBE Shares Bought by Belpointe Asset Management LLC

Belpointe Asset Management LLC lifted its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 175.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 16,777 shares of the exchange traded fund’s stock after acquiring an additional 10,681 shares during the period. Belpointe Asset Management LLC owned 0.07% of SPDR S&P Bank ETF worth $997,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Wagner Wealth Management LLC purchased a new position in SPDR S&P Bank ETF in the 3rd quarter valued at approximately $29,000. Ameritas Advisory Services LLC acquired a new position in SPDR S&P Bank ETF in the second quarter valued at $35,000. HHM Wealth Advisors LLC lifted its stake in shares of SPDR S&P Bank ETF by 3,886.4% in the 3rd quarter. HHM Wealth Advisors LLC now owns 877 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 855 shares in the last quarter. CWM LLC grew its stake in SPDR S&P Bank ETF by 42.2% during the third quarter. CWM LLC now owns 1,348 shares of the exchange traded fund’s stock worth $80,000 after buying an additional 400 shares during the period. Finally, CoreCap Advisors LLC boosted its position in SPDR S&P Bank ETF by 54.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,768 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 623 shares during the period.

SPDR S&P Bank ETF Stock Performance

SPDR S&P Bank ETF stock opened at $64.05 on Friday. The stock’s 50 day moving average price is $61.80 and its 200 day moving average price is $59.58. SPDR S&P Bank ETF has a one year low of $44.34 and a one year high of $65.82. The firm has a market capitalization of $1.53 billion, a PE ratio of 12.60 and a beta of 0.97.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).