SPDR S&P Bank ETF $KBE Shares Newly Bought by Chicago Partners Investment Group LLC

Chicago Partners Investment Group LLC acquired a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the 3rd quarter, HoldingsChannel reports. The fund acquired 7,791 shares of the exchange traded fund’s stock, valued at approximately $513,000.

Several other institutional investors have also added to or reduced their stakes in KBE. GRIMES & Co WEALTH MANAGEMENT LLC bought a new position in shares of SPDR S&P Bank ETF during the third quarter valued at approximately $225,000. Hopwood Financial Services Inc. purchased a new stake in shares of SPDR S&P Bank ETF in the third quarter worth approximately $253,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of SPDR S&P Bank ETF in the third quarter worth approximately $162,000. North Star Investment Management Corp. bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth approximately $274,000. Finally, Guerra Pan Advisors LLC bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth approximately $217,000.

SPDR S&P Bank ETF Stock Down 0.7%

KBE opened at $66.22 on Friday. The business has a fifty day moving average of $65.60 and a 200 day moving average of $65.19. SPDR S&P Bank ETF has a 52-week low of $54.85 and a 52-week high of $71.92. The stock has a market cap of $1.58 billion, a P/E ratio of 12.34 and a beta of 0.92.

SPDR S&P Bank ETF Company Profile

The State Street SPDR S&P Bank ETF (KBE) seeks to track the investment results of the S&P Banks Select Industry Index. The fund provides exposure to publicly traded U.S. banking and related financial companies, including regional banks, diversified banks, and mortgage finance companies. The index uses a modified equal-weight methodology, helping limit the influence of individual holdings and providing broader representation across banks of different sizes. Launched on Nov. 8, 2005, the fund is managed by SSGA Funds Management, Inc.