Magnus Financial Group LLC Makes New Investment in SPDR S&P Bank ETF $KBE

Posted by Alanna Baker on Oct 23rd, 2026

Magnus Financial Group LLC purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 7,701 shares of the exchange traded fund’s stock, valued at approximately $487,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Integrated Advisors Network LLC bought a new position in SPDR S&P Bank ETF in the 3rd quarter valued at about $537,000. Provident Wealth Management LLC acquired a new position in SPDR S&P Bank ETF during the 3rd quarter valued at about $79,000. South Shore Capital Advisors bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth about $315,000. Forum Financial Management LP bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth about $1,078,000. Finally, TD Waterhouse Canada Inc. bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth about $591,000.

SPDR S&P Bank ETF Trading Up 2.4%

Shares of NYSEARCA:KBE opened at $65.83 on Friday. The company has a 50 day moving average of $66.37 and a 200-day moving average of $66.20. The firm has a market cap of $1.44 billion, a P/E ratio of 12.60 and a beta of 0.92. SPDR S&P Bank ETF has a twelve month low of $54.85 and a twelve month high of $71.92.