Walleye Capital LLC Buys Shares of 9,902 SPDR S&P Bank ETF (NYSEARCA:KBE)

Walleye Capital LLC bought a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 9,902 shares of the exchange traded fund’s stock, valued at approximately $524,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Citigroup Inc. boosted its stake in SPDR S&P Bank ETF by 372.7% in the third quarter. Citigroup Inc. now owns 1,339,899 shares of the exchange traded fund’s stock valued at $70,867,000 after buying an additional 1,056,448 shares in the last quarter. Janney Capital Management LLC acquired a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter valued at approximately $19,805,000. Baker Avenue Asset Management LP bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter valued at approximately $2,822,000. Alaska Permanent Fund Corp increased its position in 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 worth $8,092,000 after purchasing an additional 48,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in SPDR S&P Bank ETF by 92.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock valued at $4,244,000 after purchasing an additional 44,020 shares during the last quarter.

SPDR S&P Bank ETF Stock Performance

NYSEARCA KBE opened at $60.78 on Monday. The firm’s fifty day moving average price is $57.05 and its two-hundred day moving average price is $52.09. The stock has a market cap of $1.78 billion, a PE ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a fifty-two week low of $42.02 and a fifty-two week high of $63.74.

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.