Vectors Research Management LLC Purchases New Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Vectors Research Management LLC acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 3rd quarter, according to its most recent filing with the SEC. The fund acquired 4,215 shares of the exchange traded fund’s stock, valued at approximately $217,000.

Other hedge funds have also made changes to their positions in the company. Fifth Third Bancorp raised its stake in SPDR S&P Bank ETF by 9.6% in the 2nd quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 220 shares during the last quarter. Private Advisor Group LLC lifted its stake in shares of SPDR S&P Bank ETF by 3.7% in the second quarter. Private Advisor Group LLC now owns 34,855 shares of the exchange traded fund’s stock worth $1,617,000 after buying an additional 1,241 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in SPDR S&P Bank ETF by 14.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,968 shares of the exchange traded fund’s stock worth $316,000 after acquiring an additional 769 shares during the last quarter. Essex Financial Services Inc. acquired a new stake in shares of SPDR S&P Bank ETF in the 2nd quarter worth $241,000. Finally, SG Americas Securities LLC raised its holdings in shares of SPDR S&P Bank ETF by 0.4% during the 2nd quarter. SG Americas Securities LLC now owns 175,616 shares of the exchange traded fund’s stock worth $8,147,000 after acquiring an additional 734 shares during the period.

SPDR S&P Bank ETF Trading Down 0.8 %

Shares of KBE stock opened at $59.91 on Friday. SPDR S&P Bank ETF has a twelve month low of $38.97 and a twelve month high of $61.87. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The company’s 50-day moving average price is $54.12 and its 200-day moving average price is $50.38.

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.