Sanctuary Advisors LLC Invests $295,000 in SPDR S&P Bank ETF (NYSEARCA:KBE)

Sanctuary Advisors LLC bought a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,586 shares of the exchange traded fund’s stock, valued at approximately $295,000.

Other institutional investors have also added to or reduced their stakes in the company. MML Investors Services LLC raised its holdings in SPDR S&P Bank ETF by 433.1% during the third quarter. MML Investors Services LLC now owns 30,911 shares of the exchange traded fund’s stock worth $1,635,000 after buying an additional 25,113 shares during the last quarter. Quadrature Capital Ltd acquired a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter worth about $523,000. Walleye Capital LLC bought a new position in SPDR S&P Bank ETF in the 3rd quarter valued at about $524,000. RPg Family Wealth Advisory LLC acquired a new position in SPDR S&P Bank ETF during the 3rd quarter valued at about $84,000. Finally, FMR LLC increased its holdings in SPDR S&P Bank ETF by 20.6% during the 3rd quarter. FMR LLC now owns 4,309 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 736 shares in the last quarter.

SPDR S&P Bank ETF Stock Down 1.2 %

KBE stock opened at $55.72 on Friday. The firm has a market capitalization of $1.64 billion, a PE ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a twelve month low of $42.13 and a twelve month high of $63.74. The stock’s 50 day moving average is $58.28 and its 200-day moving average is $53.31.

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.