SFE Investment Counsel increased its position in shares of SPDR KBW Bank (NYSE:KBE) by 128.1% during the second quarter, Holdings Channel reports. The firm owned 29,400 shares of the exchange traded fund’s stock after buying an additional 16,510 shares during the period. SFE Investment Counsel’s holdings in SPDR KBW Bank were worth $1,279,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of KBE. Benjamin F. Edwards & Company Inc. increased its position in shares of SPDR KBW Bank by 1.1% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,138 shares of the exchange traded fund’s stock worth $180,000 after buying an additional 47 shares during the period. IFP Advisors Inc increased its position in shares of SPDR KBW Bank by 57.3% in the second quarter. IFP Advisors Inc now owns 4,577 shares of the exchange traded fund’s stock worth $199,000 after buying an additional 1,667 shares during the period. Puplava Financial Services Inc. bought a new position in shares of SPDR KBW Bank during the second quarter worth $292,000. Stratos Wealth Partners LTD. increased its position in shares of SPDR KBW Bank by 18.6% in the second quarter. Stratos Wealth Partners LTD. now owns 7,174 shares of the exchange traded fund’s stock worth $312,000 after buying an additional 1,124 shares during the period. Finally, First Heartland Consultants Inc. increased its position in shares of SPDR KBW Bank by 0.7% in the second quarter. First Heartland Consultants Inc. now owns 8,753 shares of the exchange traded fund’s stock worth $381,000 after buying an additional 65 shares during the period.

SPDR KBW Bank (NYSE:KBE) opened at 42.67 on Tuesday. SPDR KBW Bank has a 12 month low of $32.50 and a 12 month high of $46.99. The company’s 50-day moving average is $43.48 and its 200-day moving average is $43.30.

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About SPDR KBW Bank

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.

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Institutional Ownership by Quarter for SPDR KBW Bank (NYSE:KBE)

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