Steward Partners Investment Advisory LLC Acquires 3,815 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Steward Partners Investment Advisory LLC lifted its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 43.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,655 shares of the exchange traded fund’s stock after purchasing an additional 3,815 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SPDR S&P Bank ETF were worth $702,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in KBE. FMR LLC increased its holdings in SPDR S&P Bank ETF by 20.6% during the third quarter. FMR LLC now owns 4,309 shares of the exchange traded fund’s stock worth $229,000 after buying an additional 736 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in SPDR S&P Bank ETF during the third quarter worth $295,000. Janney Montgomery Scott LLC increased its holdings in SPDR S&P Bank ETF by 1.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock worth $985,000 after buying an additional 278 shares during the last quarter. Truist Financial Corp increased its holdings in SPDR S&P Bank ETF by 7.0% during the fourth quarter. Truist Financial Corp now owns 9,972 shares of the exchange traded fund’s stock worth $553,000 after buying an additional 649 shares during the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth $64,000.

SPDR S&P Bank ETF Trading Down 0.8 %

Shares of KBE opened at $51.28 on Wednesday. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 13.73 and a beta of 1.15. SPDR S&P Bank ETF has a 1-year low of $42.77 and a 1-year high of $63.74. The company’s fifty day simple moving average is $56.90 and its 200 day simple moving average is $56.23.

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.