Fmr LLC Purchases 736 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Fmr LLC boosted its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 20.6% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 4,309 shares of the exchange traded fund’s stock after purchasing an additional 736 shares during the period. Fmr LLC’s holdings in SPDR S&P Bank ETF were worth $229,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE boosted its stake in shares of SPDR S&P Bank ETF by 678.9% in the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 645 shares during the last quarter. Fifth Third Bancorp boosted its position in SPDR S&P Bank ETF by 9.6% in the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 220 shares during the last quarter. Balentine LLC purchased a new position in SPDR S&P Bank ETF in the third quarter worth $140,000. Harbour Investments Inc. increased its position in shares of SPDR S&P Bank ETF by 10.2% during the 2nd quarter. Harbour Investments Inc. now owns 3,721 shares of the exchange traded fund’s stock valued at $173,000 after purchasing an additional 343 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter valued at $193,000.

SPDR S&P Bank ETF Stock Performance

Shares of NYSEARCA:KBE opened at $55.84 on Friday. The company has a market capitalization of $1.64 billion, a P/E ratio of 7.86 and a beta of 1.42. The company’s 50-day moving average is $58.23 and its 200 day moving average is $52.92. SPDR S&P Bank ETF has a fifty-two week low of $42.13 and a fifty-two week high of $63.74.

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.