Janney Montgomery Scott LLC Takes Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Janney Montgomery Scott LLC acquired a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 17,481 shares of the exchange traded fund’s stock, valued at approximately $925,000.

A number of other institutional investors have also made changes to their positions in KBE. US Bancorp DE lifted its position in shares of 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 purchasing an additional 645 shares in the last quarter. Lynx Investment Advisory bought a new stake in SPDR S&P Bank ETF during the second quarter worth $45,000. Fifth Third Bancorp raised its position in SPDR S&P Bank ETF by 9.6% during the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock worth $117,000 after acquiring an additional 220 shares in the last quarter. Massmutual Trust Co. FSB ADV bought a new stake in SPDR S&P Bank ETF during the second quarter worth $134,000. Finally, Harbour Investments Inc. raised its position in SPDR S&P Bank ETF by 10.2% during the second quarter. Harbour Investments Inc. now owns 3,721 shares of the exchange traded fund’s stock worth $173,000 after acquiring an additional 343 shares in the last quarter.

SPDR S&P Bank ETF Trading Up 0.1 %

NYSEARCA KBE opened at $59.96 on Friday. The firm’s fifty day moving average price is $54.45 and its two-hundred day moving average price is $50.55. SPDR S&P Bank ETF has a 1 year low of $38.97 and a 1 year high of $61.87. The firm has a market capitalization of $1.76 billion, a P/E ratio of 7.86 and a beta of 1.42.

SPDR S&P Bank ETF Company 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.