MRA Advisory Group Acquires New Stake in SPDR S&P Bank ETF $KBE

MRA Advisory Group acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 112,569 shares of the exchange traded fund’s stock, valued at approximately $7,117,000. SPDR S&P Bank ETF comprises 2.6% of MRA Advisory Group’s investment portfolio, making the stock its 11th largest holding. MRA Advisory Group owned 0.49% of SPDR S&P Bank ETF at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KBE. Janney Montgomery Scott LLC increased its position in SPDR S&P Bank ETF by 1,944.1% during the first quarter. Janney Montgomery Scott LLC now owns 334,848 shares of the exchange traded fund’s stock worth $19,940,000 after buying an additional 318,467 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of SPDR S&P Bank ETF by 65.7% in the first quarter. Bank of New York Mellon Corp now owns 281,665 shares of the exchange traded fund’s stock valued at $16,773,000 after purchasing an additional 111,649 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of SPDR S&P Bank ETF by 60.7% during the second quarter. Envestnet Asset Management Inc. now owns 190,106 shares of the exchange traded fund’s stock valued at $12,969,000 after acquiring an additional 71,772 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in SPDR S&P Bank ETF during the second quarter worth approximately $4,791,000. Finally, Cetera Investment Advisers boosted its position in shares of SPDR S&P Bank ETF by 7.6% in the first quarter. Cetera Investment Advisers now owns 50,312 shares of the exchange traded fund’s stock worth $2,996,000 after acquiring an additional 3,566 shares during the last quarter.

SPDR S&P Bank ETF Trading Down 1.3%

Shares of SPDR S&P Bank ETF stock traded down $0.82 during trading hours on Wednesday, reaching $63.09. The stock had a trading volume of 1,141,644 shares, compared to its average volume of 1,969,565. The firm has a 50 day simple moving average of $68.00 and a two-hundred day simple moving average of $65.81. SPDR S&P Bank ETF has a 1 year low of $54.64 and a 1 year high of $71.92. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92.

About SPDR S&P Bank ETF

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).