Janney Capital Management LLC Makes New $19.81 Million Investment in SPDR S&P Bank ETF (NYSEARCA:KBE)

Janney Capital Management LLC bought a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 374,452 shares of the exchange traded fund’s stock, valued at approximately $19,805,000. SPDR S&P Bank ETF comprises 1.3% of Janney Capital Management LLC’s investment portfolio, making the stock its 15th largest position. Janney Capital Management LLC owned 1.28% of SPDR S&P Bank ETF at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE increased its position in SPDR S&P Bank ETF by 678.9% in the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 645 shares in the last quarter. Lynx Investment Advisory bought a new stake in shares of SPDR S&P Bank ETF during the second quarter worth approximately $45,000. Fifth Third Bancorp boosted its stake in SPDR S&P Bank ETF by 9.6% in the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock valued at $117,000 after acquiring an additional 220 shares during the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in SPDR S&P Bank ETF during the 2nd quarter worth $134,000. Finally, Harbour Investments Inc. raised its position in shares of SPDR S&P Bank ETF by 10.2% during the 2nd quarter. Harbour Investments Inc. now owns 3,721 shares of the exchange traded fund’s stock valued at $173,000 after acquiring an additional 343 shares during the last quarter.

SPDR S&P Bank ETF Stock Down 0.8 %

KBE stock opened at $54.21 on Friday. SPDR S&P Bank ETF has a twelve month low of $35.91 and a twelve month high of $56.41. The business’s fifty day moving average is $53.22 and its 200-day moving average is $49.59. The company has a market cap of $1.59 billion, a P/E ratio of 7.86 and a beta of 1.42.

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.