Commonwealth Equity Services LLC Purchases 2,690 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Commonwealth Equity Services LLC grew its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 9.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 31,574 shares of the exchange traded fund’s stock after acquiring an additional 2,690 shares during the quarter. Commonwealth Equity Services LLC’s holdings in SPDR S&P Bank ETF were worth $1,751,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Institute for Wealth Management LLC. lifted its position in SPDR S&P Bank ETF by 4.3% during the fourth quarter. Institute for Wealth Management LLC. now owns 4,606 shares of the exchange traded fund’s stock valued at $255,000 after acquiring an additional 189 shares during the last quarter. Avantax Advisory Services Inc. lifted its holdings in shares of SPDR S&P Bank ETF by 2.8% during the 4th quarter. Avantax Advisory Services Inc. now owns 8,746 shares of the exchange traded fund’s stock valued at $485,000 after purchasing an additional 236 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of SPDR S&P Bank ETF by 1.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock worth $985,000 after purchasing an additional 278 shares in the last quarter. IFP Advisors Inc boosted its position in shares of SPDR S&P Bank ETF by 6.4% in the 4th quarter. IFP Advisors Inc now owns 5,000 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 300 shares in the last quarter. Finally, Private Advisor Group LLC grew its stake in SPDR S&P Bank ETF by 1.5% during the 4th quarter. Private Advisor Group LLC now owns 35,106 shares of the exchange traded fund’s stock worth $1,947,000 after buying an additional 529 shares during the last quarter.

SPDR S&P Bank ETF Stock Performance

SPDR S&P Bank ETF stock opened at $52.52 on Friday. The stock has a market cap of $2.23 billion, a PE ratio of 12.60 and a beta of 1.14. The stock has a 50-day moving average of $56.26 and a two-hundred day moving average of $56.22. SPDR S&P Bank ETF has a one year low of $42.77 and a one year high of $63.74.

SPDR S&P Bank ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were paid a $0.3774 dividend. The ex-dividend date was Monday, March 24th.

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.