LPL Financial LLC Raises Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

LPL Financial LLC lifted its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 59.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 376,691 shares of the exchange traded fund’s stock after purchasing an additional 139,740 shares during the period. LPL Financial LLC owned about 1.28% of SPDR S&P Bank ETF worth $20,895,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in KBE. Institute for Wealth Management LLC. grew its stake in SPDR S&P Bank ETF by 4.3% in the 4th quarter. Institute for Wealth Management LLC. now owns 4,606 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 189 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in SPDR S&P Bank ETF by 2.8% in the fourth quarter. Avantax Advisory Services Inc. now owns 8,746 shares of the exchange traded fund’s stock worth $485,000 after purchasing an additional 236 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in SPDR S&P Bank ETF by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock worth $985,000 after purchasing an additional 278 shares during the period. IFP Advisors Inc raised its position in SPDR S&P Bank ETF by 6.4% during the 4th quarter. IFP Advisors Inc now owns 5,000 shares of the exchange traded fund’s stock valued at $277,000 after purchasing an additional 300 shares in the last quarter. Finally, Private Advisor Group LLC lifted its holdings in shares of SPDR S&P Bank ETF by 1.5% in the 4th quarter. Private Advisor Group LLC now owns 35,106 shares of the exchange traded fund’s stock worth $1,947,000 after buying an additional 529 shares during the period.

SPDR S&P Bank ETF Trading Down 2.0 %

KBE opened at $52.52 on Monday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a 12-month low of $42.77 and a 12-month high of $63.74. The business’s fifty day simple moving average is $56.26 and its 200-day simple moving average is $56.29.

SPDR S&P Bank ETF Announces Dividend

The firm also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were given a dividend of $0.3774 per share. The ex-dividend date was Monday, March 24th.

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.