SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Purchased by North Star Investment Management Corp.

North Star Investment Management Corp. grew its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 60.6% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 76,601 shares of the exchange traded fund’s stock after purchasing an additional 28,908 shares during the quarter. North Star Investment Management Corp.’s holdings in SPDR S&P Bank ETF were worth $4,051,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of KBE. Janney Capital Management LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth approximately $19,805,000. ProVise Management Group LLC grew its position 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 worth $8,855,000 after acquiring an additional 6,038 shares during the period. SG Americas Securities LLC grew its position in SPDR S&P Bank ETF by 0.4% in the second quarter. SG Americas Securities LLC now owns 175,616 shares of the exchange traded fund’s stock worth $8,147,000 after acquiring an additional 734 shares during the period. BNP Paribas Financial Markets lifted its stake in SPDR S&P Bank ETF by 546.0% during the first quarter. BNP Paribas Financial Markets now owns 166,353 shares of the exchange traded fund’s stock worth $7,835,000 after purchasing an additional 140,601 shares in the last quarter. Finally, Alaska Permanent Fund Corp lifted its stake in SPDR S&P Bank ETF by 45.7% during the third 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.

SPDR S&P Bank ETF Price Performance

Shares of NYSEARCA KBE traded up $0.65 during mid-day trading on Tuesday, hitting $54.46. The company had a trading volume of 418,711 shares, compared to its average volume of 1,966,166. The company has a market capitalization of $1.60 billion, a PE ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 1-year low of $36.45 and a 1-year high of $56.41. The business’s 50-day simple moving average is $53.24 and its 200 day simple moving average is $49.71.

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.