Sapient Capital LLC Buys New Shares in SPDR S&P Bank ETF $KBE

Sapient Capital LLC acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 22,800 shares of the exchange traded fund’s stock, valued at approximately $1,397,000.

Other institutional investors also recently bought and sold shares of the company. Monetary Management Group Inc. purchased a new stake in SPDR S&P Bank ETF during the third quarter worth approximately $30,000. FWL Investment Management LLC purchased a new stake in SPDR S&P Bank ETF during the third quarter worth approximately $32,000. Camelot Portfolios LLC purchased a new stake in SPDR S&P Bank ETF during the fourth quarter worth approximately $50,000. HHM Wealth Advisors LLC grew its stake 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 worth $52,000 after buying an additional 855 shares during the period. Finally, CWM LLC grew its stake in SPDR S&P Bank ETF by 42.2% during the third quarter. CWM LLC now owns 1,348 shares of the exchange traded fund’s stock worth $80,000 after buying an additional 400 shares during the period.

SPDR S&P Bank ETF Stock Up 1.3%

KBE opened at $62.47 on Tuesday. SPDR S&P Bank ETF has a 52-week low of $51.72 and a 52-week high of $67.75. The company has a 50 day moving average of $61.43 and a two-hundred day moving average of $61.52. The company has a market cap of $1.46 billion, a P/E ratio of 12.60 and a beta of 0.92.

SPDR S&P Bank ETF Profile

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).