US Bancorp DE Purchases 645 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

US Bancorp DE boosted its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 678.9% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 740 shares of the exchange traded fund’s stock after purchasing an additional 645 shares during the period. US Bancorp DE’s holdings in SPDR S&P Bank ETF were worth $39,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBE. Vima LLC increased its position in shares of SPDR S&P Bank ETF by 7.0% during the 1st quarter. Vima LLC now owns 12,879 shares of the exchange traded fund’s stock valued at $607,000 after purchasing an additional 842 shares during the last quarter. Cetera Advisors LLC grew its position in SPDR S&P Bank ETF by 252.9% during the first quarter. Cetera Advisors LLC now owns 20,224 shares of the exchange traded fund’s stock valued at $953,000 after buying an additional 14,493 shares during the period. Massmutual Trust Co. FSB ADV purchased a new stake in SPDR S&P Bank ETF during the second quarter worth about $134,000. Lynx Investment Advisory bought a new stake in SPDR S&P Bank ETF in the second quarter worth about $45,000. Finally, Csenge Advisory Group purchased a new position in SPDR S&P Bank ETF in the second quarter valued at about $779,000.

SPDR S&P Bank ETF Stock Down 0.2 %

SPDR S&P Bank ETF stock opened at $59.87 on Tuesday. The firm has a 50 day moving average price of $54.45 and a 200-day moving average price of $50.63. SPDR S&P Bank ETF has a twelve month low of $38.97 and a twelve month high of $61.87. The company has a market capitalization of $1.76 billion, a P/E ratio of 7.86 and a beta of 1.42.

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.