SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Acquired by Magnus Financial Group LLC

Magnus Financial Group LLC lifted its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 13.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 5,166 shares of the exchange traded fund’s stock after purchasing an additional 619 shares during the quarter. Magnus Financial Group LLC’s holdings in SPDR S&P Bank ETF were worth $287,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Creative Planning grew its stake in shares of SPDR S&P Bank ETF by 3.3% in the 2nd quarter. Creative Planning now owns 6,313 shares of the exchange traded fund’s stock valued at $293,000 after buying an additional 200 shares during the period. US Bancorp DE grew its position in SPDR S&P Bank ETF by 678.9% in the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 645 shares during the period. Stephens Inc. AR grew its position in SPDR S&P Bank ETF by 7.4% in the third quarter. Stephens Inc. AR now owns 9,491 shares of the exchange traded fund’s stock worth $502,000 after acquiring an additional 651 shares during the period. FMR LLC increased its stake in SPDR S&P Bank ETF by 20.6% during the third quarter. FMR LLC now owns 4,309 shares of the exchange traded fund’s stock worth $229,000 after acquiring an additional 736 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in SPDR S&P Bank ETF by 14.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,968 shares of the exchange traded fund’s stock valued at $316,000 after purchasing an additional 769 shares during the period.

SPDR S&P Bank ETF Trading Down 0.9 %

NYSEARCA KBE opened at $57.95 on Thursday. The stock has a fifty day simple moving average of $58.16 and a 200-day simple moving average of $54.64. The stock has a market cap of $1.70 billion, a PE ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a twelve month low of $42.13 and a twelve month high of $63.74.

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.