322,179 Shares in SPDR S&P Bank ETF (NYSEARCA:KBE) Acquired by Tlwm

Tlwm bought a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 322,179 shares of the exchange traded fund’s stock, valued at approximately $17,871,000. SPDR S&P Bank ETF comprises 3.5% of Tlwm’s holdings, making the stock its 11th largest holding. Tlwm owned about 1.10% of SPDR S&P Bank ETF as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Commonwealth Equity Services LLC increased its holdings in SPDR S&P Bank ETF by 5.6% during the second quarter. Commonwealth Equity Services LLC now owns 30,093 shares of the exchange traded fund’s stock valued at $1,396,000 after buying an additional 1,598 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 2nd quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock valued at $4,244,000 after acquiring an additional 44,020 shares during the period. Brown Brothers Harriman & Co. increased its stake in shares of SPDR S&P Bank ETF by 3,432.9% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 7,419 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 7,209 shares in the last quarter. ProVise Management Group LLC lifted its position in SPDR S&P Bank ETF by 3.3% during 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 in the last quarter. Finally, Cowa LLC lifted its position in SPDR S&P Bank ETF by 11.9% during the second quarter. Cowa LLC now owns 12,919 shares of the exchange traded fund’s stock valued at $599,000 after purchasing an additional 1,376 shares in the last quarter.

SPDR S&P Bank ETF Stock Up 1.2 %

Shares of KBE opened at $54.19 on Tuesday. SPDR S&P Bank ETF has a 52 week low of $42.13 and a 52 week high of $63.74. The business has a 50-day simple moving average of $58.40 and a two-hundred day simple moving average of $54.17. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

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.