20,618 Shares in SPDR S&P Bank ETF (NYSEARCA:KBE) Purchased by Sowell Financial Services LLC

Sowell Financial Services LLC purchased a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 20,618 shares of the exchange traded fund’s stock, valued at approximately $1,144,000.

Several other hedge funds have also bought and sold shares of the stock. US Bancorp DE boosted its stake in shares of SPDR S&P Bank ETF by 678.9% during the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 645 shares in the last quarter. New Wave Wealth Advisors LLC acquired a new position in SPDR S&P Bank ETF in the 4th quarter worth about $46,000. Jones Financial Companies Lllp boosted its position in SPDR S&P Bank ETF by 1,008.8% during the fourth quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 807 shares in the last quarter. Rialto Wealth Management LLC acquired a new stake in SPDR S&P Bank ETF in the fourth quarter valued at approximately $51,000. Finally, Heck Capital Advisors LLC purchased a new stake in shares of SPDR S&P Bank ETF in the fourth quarter valued at approximately $51,000.

SPDR S&P Bank ETF Price Performance

Shares of KBE stock opened at $51.67 on Tuesday. SPDR S&P Bank ETF has a 1-year low of $42.77 and a 1-year high of $63.74. The company has a market cap of $2.44 billion, a price-to-earnings ratio of 13.73 and a beta of 1.15. The stock has a 50 day simple moving average of $56.99 and a 200-day simple moving average of $56.25.

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.