Amundi Buys 17,849 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Amundi grew its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 59,496.7% in the 4th quarter, Holdings Channel reports. The firm owned 17,879 shares of the exchange traded fund’s stock after acquiring an additional 17,849 shares during the quarter. Amundi’s holdings in SPDR S&P Bank ETF were worth $987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rialto Wealth Management LLC acquired a new position in shares of SPDR S&P Bank ETF in the 4th quarter valued at about $51,000. PNC Financial Services Group Inc. increased its holdings in 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 worth $20,193,000 after purchasing an additional 1,921 shares in the last quarter. One Capital Management LLC lifted its stake in SPDR S&P Bank ETF by 8.4% in the fourth quarter. One Capital Management LLC now owns 42,944 shares of the exchange traded fund’s stock valued at $2,382,000 after buying an additional 3,338 shares during the period. Raymond James Financial Inc. bought a new position in shares of SPDR S&P Bank ETF during the 4th quarter worth approximately $11,709,000. Finally, Steward Partners Investment Advisory LLC grew its position in shares of SPDR S&P Bank ETF by 43.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,655 shares of the exchange traded fund’s stock worth $702,000 after buying an additional 3,815 shares during the period.

SPDR S&P Bank ETF Stock Up 1.1 %

NYSEARCA:KBE opened at $53.67 on Thursday. The firm has a market capitalization of $2.28 billion, a P/E ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a twelve month low of $42.77 and a twelve month high of $63.74. The company has a fifty day moving average of $56.58 and a 200-day moving average of $56.19.

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.