Truist Financial Corp Acquires 649 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Truist Financial Corp lifted its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 7.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,972 shares of the exchange traded fund’s stock after acquiring an additional 649 shares during the period. Truist Financial Corp’s holdings in SPDR S&P Bank ETF were worth $553,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE grew 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 valued at $39,000 after buying an additional 645 shares during the period. New Wave Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Bank ETF in the 4th quarter valued at about $46,000. Heck Capital Advisors LLC acquired a new stake in shares of SPDR S&P Bank ETF in the 4th quarter valued at about $51,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Bank ETF in the 4th quarter valued at about $64,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter valued at about $84,000.

SPDR S&P Bank ETF Price Performance

Shares of KBE opened at $56.65 on Tuesday. The stock has a 50-day moving average of $57.22 and a 200-day moving average of $56.17. The company has a market cap of $2.68 billion, a PE ratio of 13.73 and a beta of 1.15. 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 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.