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

ProVise Management Group LLC grew its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 4.3% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 owned about 0.87% of SPDR S&P Bank ETF worth $12,448,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the stock. Schroder Investment Management Group bought a new position in SPDR S&P Bank ETF in the 2nd quarter worth about $37,514,000. Bank of New York Mellon Corp bought a new stake in SPDR S&P Bank ETF during the 2nd quarter valued at about $9,606,000. Norden Group LLC bought a new stake in SPDR S&P Bank ETF during the 3rd quarter valued at about $6,696,000. Walleye Capital LLC purchased a new position in SPDR S&P Bank ETF in the second quarter worth about $3,586,000. Finally, Madison Asset Management LLC raised its holdings in SPDR S&P Bank ETF by 16.4% in the third quarter. Madison Asset Management LLC now owns 420,694 shares of the exchange traded fund’s stock worth $24,998,000 after buying an additional 59,356 shares during the last quarter.

SPDR S&P Bank ETF Stock Performance

Shares of NYSEARCA KBE opened at $59.55 on Monday. The firm’s 50 day moving average price is $63.48 and its 200-day moving average price is $60.84. SPDR S&P Bank ETF has a 52-week low of $44.34 and a 52-week high of $67.75. The company has a market cap of $1.43 billion, a PE ratio of 12.60 and a beta of 0.97.

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).