Edmond DE Rothschild Holding S.A. Purchases New Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Edmond DE Rothschild Holding S.A. acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 261,062 shares of the exchange traded fund’s stock, valued at approximately $14,481,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. JPMorgan Chase & Co. raised its stake in shares of SPDR S&P Bank ETF by 1,963.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,311,639 shares of the exchange traded fund’s stock valued at $128,227,000 after purchasing an additional 2,199,599 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its position in shares of SPDR S&P Bank ETF by 290.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock valued at $64,900,000 after buying an additional 870,000 shares during the period. LPL Financial LLC lifted its holdings in shares of SPDR S&P Bank ETF by 59.0% in the fourth quarter. LPL Financial LLC now owns 376,691 shares of the exchange traded fund’s stock worth $20,895,000 after buying an additional 139,740 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of SPDR S&P Bank ETF by 0.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 364,031 shares of the exchange traded fund’s stock valued at $20,193,000 after acquiring an additional 1,921 shares during the period. Finally, Tlwm bought a new stake in SPDR S&P Bank ETF during the 4th quarter worth approximately $17,871,000.

SPDR S&P Bank ETF Price Performance

NYSEARCA KBE opened at $52.52 on Monday. The company’s 50 day simple moving average is $56.26 and its two-hundred day simple moving average is $56.29. SPDR S&P Bank ETF has a 1 year low of $42.77 and a 1 year high of $63.74. The stock has a market capitalization of $2.23 billion, a PE ratio of 12.60 and a beta of 1.14.

SPDR S&P Bank ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a dividend of $0.3774 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.