Keystone Wealth Services LLC Invests $788,000 in SPDR S&P Bank ETF $KBE

Keystone Wealth Services LLC bought a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 3rd quarter, according to its most recent filing with the SEC. The firm bought 13,259 shares of the exchange traded fund’s stock, valued at approximately $788,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wagner Wealth Management LLC purchased a new position in SPDR S&P Bank ETF in the 3rd quarter worth approximately $29,000. Ameritas Advisory Services LLC purchased a new stake in shares of SPDR S&P Bank ETF during the second quarter valued at approximately $35,000. CWM LLC lifted its position in shares of SPDR S&P Bank ETF by 42.2% during the third quarter. CWM LLC now owns 1,348 shares of the exchange traded fund’s stock worth $80,000 after purchasing an additional 400 shares in the last quarter. TD Waterhouse Canada Inc. boosted its stake in shares of SPDR S&P Bank ETF by 24.9% in the second quarter. TD Waterhouse Canada Inc. now owns 3,509 shares of the exchange traded fund’s stock valued at $201,000 after purchasing an additional 700 shares during the period. Finally, HB Wealth Management LLC purchased a new position in shares of SPDR S&P Bank ETF in the second quarter valued at $203,000.

SPDR S&P Bank ETF Trading Up 2.0%

KBE opened at $62.41 on Tuesday. SPDR S&P Bank ETF has a twelve month low of $44.34 and a twelve month high of $63.28. The firm has a market cap of $1.37 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97. The company has a fifty day simple moving average of $59.52 and a 200 day simple moving average of $58.81.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).