Calton & Associates Inc. Grows Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Calton & Associates Inc. boosted its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 20.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,188 shares of the exchange traded fund’s stock after purchasing an additional 2,221 shares during the period. Calton & Associates Inc.’s holdings in SPDR S&P Bank ETF were worth $621,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. acquired a new position in shares of SPDR S&P Bank ETF in the 4th quarter valued at approximately $35,896,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of SPDR S&P Bank ETF during the fourth quarter worth approximately $13,806,000. Altfest L J & Co. Inc. bought a new position in SPDR S&P Bank ETF in the 4th quarter worth approximately $9,262,000. Axxcess Wealth Management LLC acquired a new stake in SPDR S&P Bank ETF in the 4th quarter valued at approximately $5,748,000. Finally, Wells Fargo & Company MN raised its stake in SPDR S&P Bank ETF by 31.9% during the 4th quarter. Wells Fargo & Company MN now owns 454,954 shares of the exchange traded fund’s stock valued at $20,937,000 after acquiring an additional 110,131 shares in the last quarter.

SPDR S&P Bank ETF Price Performance

Shares of NYSEARCA KBE traded up $1.17 during midday trading on Friday, reaching $46.39. 1,967,458 shares of the company traded hands, compared to its average volume of 2,035,854. The stock has a 50-day moving average price of $45.78 and a 200 day moving average price of $45.28. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 52 week low of $33.97 and a 52 week high of $48.32.

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.