Atria Investments Inc Purchases New Stake in SPDR S&P Bank ETF $KBE

Atria Investments Inc acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 5,988 shares of the exchange traded fund’s stock, valued at approximately $334,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. HB Wealth Management LLC bought a new position in shares of SPDR S&P Bank ETF during the second quarter worth about $203,000. TD Asset Management Inc bought a new position in SPDR S&P Bank ETF during the 1st quarter worth approximately $7,589,000. Raymond James Financial Inc. grew its position in shares of SPDR S&P Bank ETF by 9.3% in the 1st quarter. Raymond James Financial Inc. now owns 230,824 shares of the exchange traded fund’s stock worth $12,224,000 after acquiring an additional 19,731 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of SPDR S&P Bank ETF in the 2nd quarter worth approximately $35,000. Finally, HighTower Advisors LLC increased its holdings in shares of SPDR S&P Bank ETF by 10.0% in the 1st quarter. HighTower Advisors LLC now owns 10,228 shares of the exchange traded fund’s stock valued at $542,000 after acquiring an additional 934 shares during the last quarter.

SPDR S&P Bank ETF Trading Up 0.4%

KBE stock opened at $57.90 on Wednesday. The stock’s 50 day simple moving average is $58.81 and its 200 day simple moving average is $56.90. SPDR S&P Bank ETF has a 12-month low of $44.34 and a 12-month high of $63.74. The firm has a market cap of $1.39 billion, a P/E 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.