Forum Financial Management LP Purchases 17,057 Shares of SPDR S&P Bank ETF $KBE

Forum Financial Management LP purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 17,057 shares of the exchange traded fund’s stock, valued at approximately $1,078,000. Forum Financial Management LP owned 0.07% of SPDR S&P Bank ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Baird Financial Group Inc. lifted its holdings in shares of SPDR S&P Bank ETF by 1.9% in the 2nd quarter. Baird Financial Group Inc. now owns 17,579 shares of the exchange traded fund’s stock valued at $1,199,000 after buying an additional 327 shares during the period. Vectors Research Management LLC grew its holdings in SPDR S&P Bank ETF by 3.6% during the first quarter. Vectors Research Management LLC now owns 11,490 shares of the exchange traded fund’s stock worth $684,000 after acquiring an additional 400 shares during the period. CX Institutional acquired a new stake in SPDR S&P Bank ETF during the third quarter worth about $28,000. Timbuktu Capital Management LLC acquired a new stake in SPDR S&P Bank ETF during the second quarter worth about $41,000. Finally, Ameritas Advisory Services LLC acquired a new stake in SPDR S&P Bank ETF during the second quarter worth about $44,000.

SPDR S&P Bank ETF Trading Up 0.1%

Shares of KBE stock opened at $63.62 on Friday. The stock has a 50 day moving average of $66.88 and a 200 day moving average of $66.02. The stock has a market cap of $1.45 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.

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