Migdal Insurance & Financial Holdings Ltd. Acquires New Position in SPDR S&P Bank ETF $KBE

Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,250 shares of the exchange traded fund’s stock, valued at approximately $1,723,000. Migdal Insurance & Financial Holdings Ltd. owned 0.12% of SPDR S&P Bank ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in KBE. Tidal Investments LLC purchased a new stake in SPDR S&P Bank ETF during the 2nd quarter valued at $1,449,000. Quantitative Investment Management LLC bought a new stake in SPDR S&P Bank ETF in the 2nd quarter worth $4,791,000. Graves Light Lenhart Wealth Inc. bought a new stake in SPDR S&P Bank ETF in the 3rd quarter worth $512,000. Integrated Wealth Concepts LLC increased its position in shares of SPDR S&P Bank ETF by 138.7% in the second quarter. Integrated Wealth Concepts LLC now owns 26,106 shares of the exchange traded fund’s stock valued at $1,781,000 after acquiring an additional 15,167 shares during the period. Finally, North Star Asset Management Inc. purchased a new position in shares of SPDR S&P Bank ETF in the second quarter valued at about $622,000.

SPDR S&P Bank ETF Trading Up 0.3%

Shares of KBE stock traded up $0.23 during mid-day trading on Friday, reaching $66.45. The stock had a trading volume of 972,302 shares, compared to its average volume of 1,961,888. The firm has a market capitalization of $1.58 billion, a PE ratio of 12.34 and a beta of 0.92. The stock’s 50-day moving average price is $65.54 and its two-hundred day moving average price is $65.21. SPDR S&P Bank ETF has a 52-week low of $54.85 and a 52-week high of $71.92.

About SPDR S&P Bank ETF

The State Street SPDR S&P Bank ETF (KBE) seeks to track the investment results of the S&P Banks Select Industry Index. The fund provides exposure to publicly traded U.S. banking and related financial companies, including regional banks, diversified banks, and mortgage finance companies. The index uses a modified equal-weight methodology, helping limit the influence of individual holdings and providing broader representation across banks of different sizes. Launched on Nov. 8, 2005, the fund is managed by SSGA Funds Management, Inc.