Janney Montgomery Scott LLC Grows Stock Position in SPDR S&P Bank ETF $KBE

Janney Montgomery Scott LLC grew its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 1,944.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 334,848 shares of the exchange traded fund’s stock after purchasing an additional 318,467 shares during the quarter. Janney Montgomery Scott LLC owned approximately 1.43% of SPDR S&P Bank ETF worth $19,940,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. ProVise Management Group LLC grew its holdings in shares of 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 valued at $12,448,000 after purchasing an additional 8,557 shares during the period. Almanack Investment Partners LLC. purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $536,000. Group One Trading LLC boosted its holdings 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 valued at $1,325,000 after purchasing an additional 9,028 shares during the last quarter. Sanctuary Advisors LLC boosted its holdings in SPDR S&P Bank ETF by 32.6% in the 4th quarter. Sanctuary Advisors LLC now owns 32,903 shares of the exchange traded fund’s stock valued at $1,997,000 after purchasing an additional 8,083 shares during the last quarter. Finally, SG Americas Securities LLC boosted its holdings in SPDR S&P Bank ETF by 902.3% in the 4th quarter. SG Americas Securities LLC now owns 32,846 shares of the exchange traded fund’s stock valued at $1,993,000 after purchasing an additional 29,569 shares during the last quarter.

SPDR S&P Bank ETF Stock Performance

Shares of SPDR S&P Bank ETF stock opened at $68.22 on Wednesday. The firm has a market capitalization of $1.59 billion, a price-to-earnings ratio of 12.60 and a beta of 0.90. SPDR S&P Bank ETF has a fifty-two week low of $54.42 and a fifty-two week high of $68.68. The stock has a 50 day moving average of $64.51 and a 200 day moving average of $63.05.

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. 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).