Essex Financial Services Inc. Purchases 1,000 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Essex Financial Services Inc. grew its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 23.8% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,197 shares of the exchange traded fund’s stock after acquiring an additional 1,000 shares during the period. Essex Financial Services Inc.’s holdings in SPDR S&P Bank ETF were worth $288,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Citigroup Inc. raised its position in SPDR S&P Bank ETF by 372.7% during the 3rd quarter. Citigroup Inc. now owns 1,339,899 shares of the exchange traded fund’s stock worth $70,867,000 after purchasing an additional 1,056,448 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in SPDR S&P Bank ETF by 290.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock worth $64,900,000 after purchasing an additional 870,000 shares during the last quarter. Janney Capital Management LLC bought a new position in SPDR S&P Bank ETF during the 3rd quarter worth $19,805,000. Tlwm bought a new position in SPDR S&P Bank ETF during the 4th quarter worth $17,871,000. Finally, Alaska Permanent Fund Corp raised its position in SPDR S&P Bank ETF by 45.7% during the 3rd 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 during the last quarter.

SPDR S&P Bank ETF Stock Up 0.5 %

Shares of NYSEARCA:KBE opened at $58.43 on Friday. The firm has a market cap of $1.71 billion, a P/E ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 12-month low of $42.77 and a 12-month high of $63.74. The business has a fifty day simple moving average of $57.45 and a 200 day simple moving average of $55.49.

SPDR S&P Bank ETF 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.