Magnus Financial Group LLC Makes New $487,000 Investment in SPDR S&P Bank ETF $KBE

Magnus Financial Group LLC acquired a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the third quarter, Holdings Channel reports. The firm acquired 7,701 shares of the exchange traded fund’s stock, valued at approximately $487,000.

Several other institutional investors have also modified their holdings of KBE. CX Institutional bought a new position in SPDR S&P Bank ETF during the third quarter valued at about $28,000. Timbuktu Capital Management LLC acquired a new position in SPDR S&P Bank ETF during the second quarter worth about $41,000. Ameritas Advisory Services LLC acquired a new position in SPDR S&P Bank ETF during the second quarter worth about $44,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR S&P Bank ETF in the third quarter worth about $53,000. Finally, MWA Asset Management acquired a new stake in SPDR S&P Bank ETF in the 1st quarter valued at about $56,000.

SPDR S&P Bank ETF Trading Up 2.4%

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

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