SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Acquired by North Star Investment Management Corp.

North Star Investment Management Corp. grew its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 60.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 76,601 shares of the exchange traded fund’s stock after acquiring an additional 28,908 shares during the period. North Star Investment Management Corp. owned about 0.26% of SPDR S&P Bank ETF worth $4,051,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Janney Montgomery Scott LLC acquired a new stake in shares of SPDR S&P Bank ETF in the third quarter valued at about $925,000. Janney Capital Management LLC purchased a new position in shares of SPDR S&P Bank ETF in the third quarter valued at approximately $19,805,000. Farther Finance Advisors LLC purchased a new position in shares of SPDR S&P Bank ETF in the third quarter valued at approximately $193,000. Stephens Inc. AR boosted its stake in shares of SPDR S&P Bank ETF by 7.4% in the third quarter. Stephens Inc. AR now owns 9,491 shares of the exchange traded fund’s stock valued at $502,000 after purchasing an additional 651 shares during the period. Finally, US Bancorp DE lifted its stake in SPDR S&P Bank ETF by 678.9% in the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 645 shares during the last quarter.

SPDR S&P Bank ETF Stock Up 1.2 %

SPDR S&P Bank ETF stock traded up $0.65 during trading on Tuesday, reaching $54.46. The stock had a trading volume of 418,711 shares, compared to its average volume of 1,966,166. SPDR S&P Bank ETF has a 52-week low of $36.45 and a 52-week high of $56.41. The business has a 50 day moving average price of $53.24 and a 200 day moving average price of $49.71. The stock has a market cap of $1.60 billion, a PE ratio of 7.86 and a beta of 1.42.

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.