Global Retirement Partners LLC Acquires 22,927 Shares of SPDR S&P Bank ETF $KBE

Global Retirement Partners LLC increased its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 9,839.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,160 shares of the exchange traded fund’s stock after purchasing an additional 22,927 shares during the period. Global Retirement Partners LLC owned approximately 0.09% of SPDR S&P Bank ETF worth $1,376,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Schroder Investment Management Group acquired a new stake in SPDR S&P Bank ETF during the second quarter valued at approximately $37,514,000. Bank of New York Mellon Corp bought a new position in shares of SPDR S&P Bank ETF during the 2nd quarter worth approximately $9,606,000. Norden Group LLC acquired a new stake in SPDR S&P Bank ETF in the 3rd quarter valued at $6,696,000. Sage Advisory Services Ltd.Co. acquired a new stake in SPDR S&P Bank ETF in the 2nd quarter valued at $4,441,000. Finally, Millennium Management LLC grew its position in SPDR S&P Bank ETF by 20.4% in the first quarter. Millennium Management LLC now owns 433,405 shares of the exchange traded fund’s stock valued at $22,953,000 after acquiring an additional 73,404 shares during the period.

SPDR S&P Bank ETF Stock Performance

Shares of NYSEARCA KBE opened at $62.95 on Wednesday. SPDR S&P Bank ETF has a 52-week low of $44.34 and a 52-week high of $63.28. The business has a fifty day moving average of $59.63 and a two-hundred day moving average of $58.88. The stock has a market cap of $1.38 billion, a PE ratio of 12.60 and a beta of 0.97.

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).