Value Investment Professionals LLC Takes Position in SPDR S&P Bank ETF $KBE

Value Investment Professionals LLC bought a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 11,433 shares of the exchange traded fund’s stock, valued at approximately $681,000.

Other large investors have also made changes to their positions in the company. ProVise Management Group LLC grew its position in SPDR S&P Bank ETF by 4.3% in the third quarter. ProVise Management Group LLC now owns 209,496 shares of the exchange traded fund’s stock worth $12,448,000 after acquiring an additional 8,557 shares in the last quarter. Almanack Investment Partners LLC. bought a new position in shares of SPDR S&P Bank ETF in the fourth quarter worth about $536,000. Group One Trading LLC increased its position in SPDR S&P Bank ETF by 68.0% in the 3rd quarter. Group One Trading LLC now owns 22,306 shares of the exchange traded fund’s stock worth $1,325,000 after buying an additional 9,028 shares during the period. Sanctuary Advisors LLC increased its position in SPDR S&P Bank ETF by 32.6% during the fourth quarter. Sanctuary Advisors LLC now owns 32,903 shares of the exchange traded fund’s stock worth $1,997,000 after acquiring an additional 8,083 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of SPDR S&P Bank ETF by 902.3% during the fourth quarter. SG Americas Securities LLC now owns 32,846 shares of the exchange traded fund’s stock valued at $1,993,000 after buying an additional 29,569 shares during the last quarter.

SPDR S&P Bank ETF Price Performance

SPDR S&P Bank ETF stock opened at $68.62 on Friday. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 12.60 and a beta of 0.89. SPDR S&P Bank ETF has a 12 month low of $54.42 and a 12 month high of $69.93. The business has a 50 day moving average price of $64.78 and a two-hundred day moving average price of $63.18.

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).