Migdal Insurance & Financial Holdings Ltd. Makes New $35.90 Million Investment in SPDR S&P Bank ETF (NYSEARCA:KBE)

Migdal Insurance & Financial Holdings Ltd. purchased a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 780,000 shares of the exchange traded fund’s stock, valued at approximately $35,896,000. Migdal Insurance & Financial Holdings Ltd. owned about 2.27% of SPDR S&P Bank ETF at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of KBE. Baird Financial Group Inc. boosted its position in shares of SPDR S&P Bank ETF by 1.4% during the 1st quarter. Baird Financial Group Inc. now owns 19,273 shares of the exchange traded fund’s stock valued at $1,009,000 after acquiring an additional 274 shares in the last quarter. Equitable Holdings Inc. boosted its position in shares of SPDR S&P Bank ETF by 2.4% during the 1st quarter. Equitable Holdings Inc. now owns 14,498 shares of the exchange traded fund’s stock valued at $759,000 after acquiring an additional 338 shares in the last quarter. FMR LLC boosted its position in shares of SPDR S&P Bank ETF by 19.7% during the 3rd quarter. FMR LLC now owns 2,188 shares of the exchange traded fund’s stock valued at $81,000 after acquiring an additional 360 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of SPDR S&P Bank ETF by 4.1% during the 2nd quarter. Rockefeller Capital Management L.P. now owns 9,348 shares of the exchange traded fund’s stock valued at $337,000 after acquiring an additional 365 shares in the last quarter. Finally, Toth Financial Advisory Corp boosted its position in shares of SPDR S&P Bank ETF by 9.1% during the 3rd quarter. Toth Financial Advisory Corp now owns 4,800 shares of the exchange traded fund’s stock valued at $177,000 after acquiring an additional 400 shares in the last quarter.

SPDR S&P Bank ETF Price Performance

Shares of SPDR S&P Bank ETF stock traded up $0.31 during trading on Wednesday, hitting $43.36. 1,108,433 shares of the company’s stock traded hands, compared to its average volume of 2,429,640. The company has a market cap of $1.32 billion, a PE ratio of 7.76 and a beta of 1.42. SPDR S&P Bank ETF has a twelve month low of $30.85 and a twelve month high of $47.39. The firm’s fifty day moving average price is $44.77 and its 200 day moving average price is $42.51.

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.