Farther Finance Advisors LLC Acquires Shares of 3,650 SPDR S&P Bank ETF (NYSEARCA:KBE)

Farther Finance Advisors LLC bought a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,650 shares of the exchange traded fund’s stock, valued at approximately $193,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. ProVise Management Group LLC boosted its holdings in SPDR S&P Bank ETF by 3.3% in the second quarter. ProVise Management Group LLC now owns 190,879 shares of the exchange traded fund’s stock valued at $8,855,000 after purchasing an additional 6,038 shares during the last quarter. SG Americas Securities LLC raised its position in shares of SPDR S&P Bank ETF by 0.4% in the 2nd quarter. SG Americas Securities LLC now owns 175,616 shares of the exchange traded fund’s stock valued at $8,147,000 after purchasing an additional 734 shares in the last quarter. Alaska Permanent Fund Corp boosted its stake in shares of SPDR S&P Bank ETF by 45.7% during the 3rd quarter. Alaska Permanent Fund Corp now owns 153,000 shares of the exchange traded fund’s stock valued at $8,092,000 after buying an additional 48,000 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of SPDR S&P Bank ETF by 92.7% during the second quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock worth $4,244,000 after buying an additional 44,020 shares in the last quarter. Finally, Raymond James & Associates grew its position in shares of SPDR S&P Bank ETF by 4.2% during the third quarter. Raymond James & Associates now owns 51,072 shares of the exchange traded fund’s stock worth $2,701,000 after buying an additional 2,044 shares in the last quarter.

SPDR S&P Bank ETF Price Performance

KBE opened at $59.52 on Friday. SPDR S&P Bank ETF has a 12-month low of $36.45 and a 12-month high of $61.24. The stock has a market capitalization of $1.75 billion, a PE ratio of 7.86 and a beta of 1.42. The firm’s fifty day moving average price is $53.66 and its 200 day moving average price is $50.06.

SPDR S&P Bank ETF Company 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.