8,490 Shares in SPDR S&P Bank ETF $KBE Acquired by Montecito Bank & Trust

Montecito Bank & Trust bought a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,490 shares of the exchange traded fund’s stock, valued at approximately $504,000.

A number of other large investors also recently made changes to their positions in the business. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR S&P Bank ETF during the second quarter worth $35,000. TD Waterhouse Canada Inc. lifted its position in SPDR S&P Bank ETF by 24.9% during the second quarter. TD Waterhouse Canada Inc. now owns 3,509 shares of the exchange traded fund’s stock worth $201,000 after buying an additional 700 shares during the period. HB Wealth Management LLC acquired a new stake in SPDR S&P Bank ETF in the 2nd quarter worth about $203,000. Stratos Wealth Partners LTD. purchased a new stake in SPDR S&P Bank ETF in the 2nd quarter valued at about $221,000. Finally, Fairfield Bush & CO. acquired a new position in shares of SPDR S&P Bank ETF during the 2nd quarter valued at about $243,000.

SPDR S&P Bank ETF Stock Up 0.3%

KBE stock opened at $62.76 on Friday. SPDR S&P Bank ETF has a 52 week low of $44.34 and a 52 week high of $63.28. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97. The business has a fifty day simple moving average of $58.40 and a 200-day simple moving average of $58.04.

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.