ProVise Management Group LLC Boosts Stake in SPDR S&P Bank ETF $KBE

ProVise Management Group LLC lifted its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 4.3% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 209,496 shares of the exchange traded fund’s stock after acquiring an additional 8,557 shares during the quarter. ProVise Management Group LLC’s holdings in SPDR S&P Bank ETF were worth $12,448,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also bought and sold shares of KBE. Wagner Wealth Management LLC bought a new position in SPDR S&P Bank ETF during the 3rd quarter valued at about $29,000. Monetary Management Group Inc. purchased a new position in shares of SPDR S&P Bank ETF during the third quarter valued at approximately $30,000. HHM Wealth Advisors LLC lifted its position in SPDR S&P Bank ETF by 3,886.4% during the third quarter. HHM Wealth Advisors LLC now owns 877 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 855 shares during the period. CWM LLC boosted its holdings in SPDR S&P Bank ETF by 42.2% in the third quarter. CWM LLC now owns 1,348 shares of the exchange traded fund’s stock worth $80,000 after purchasing an additional 400 shares during the last quarter. Finally, CoreCap Advisors LLC raised its stake in SPDR S&P Bank ETF by 54.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,768 shares of the exchange traded fund’s stock valued at $105,000 after buying an additional 623 shares during the last quarter.

SPDR S&P Bank ETF Price Performance

NYSEARCA KBE opened at $59.55 on Monday. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97. SPDR S&P Bank ETF has a 1-year low of $44.34 and a 1-year high of $67.75. The business’s fifty day moving average price is $63.48 and its 200-day moving average price is $60.84.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).