Citigroup Inc. Has $70.87 Million Stock Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Citigroup Inc. boosted its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 372.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,339,899 shares of the exchange traded fund’s stock after acquiring an additional 1,056,448 shares during the period. Citigroup Inc.’s holdings in SPDR S&P Bank ETF were worth $70,867,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Janney Capital Management LLC acquired a new position in shares of SPDR S&P Bank ETF in the 3rd quarter valued at about $19,805,000. Baker Avenue Asset Management LP acquired a new position in SPDR S&P Bank ETF in the third quarter valued at approximately $2,822,000. Alaska Permanent Fund Corp lifted its stake in SPDR S&P Bank ETF by 45.7% in the third quarter. Alaska Permanent Fund Corp now owns 153,000 shares of the exchange traded fund’s stock valued at $8,092,000 after buying an additional 48,000 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR S&P Bank ETF by 92.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock worth $4,244,000 after buying an additional 44,020 shares in the last quarter. Finally, Retireful LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 2nd quarter worth approximately $1,770,000.

SPDR S&P Bank ETF Stock Up 2.2 %

SPDR S&P Bank ETF stock opened at $61.63 on Friday. The company has a market capitalization of $1.81 billion, a PE ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 12-month low of $38.97 and a 12-month high of $61.87. The firm’s fifty day moving average is $55.34 and its 200 day moving average is $51.05.

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.