Hopwood Financial Services Inc. Acquires Shares of 4,000 SPDR S&P Bank ETF (NYSEARCA:KBE)

Hopwood Financial Services Inc. acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,000 shares of the exchange traded fund’s stock, valued at approximately $222,000.

A number of other institutional investors have also made changes to their positions in the company. US Bancorp DE boosted its position in SPDR S&P Bank ETF by 678.9% during the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 645 shares during the period. Janney Montgomery Scott LLC bought a new position in shares of SPDR S&P Bank ETF in the third quarter worth $925,000. XML Financial LLC acquired a new position in shares of SPDR S&P Bank ETF during the third quarter valued at $279,000. Vectors Research Management LLC bought a new stake in shares of SPDR S&P Bank ETF during the third quarter valued at about $217,000. Finally, MAI Capital Management raised its stake in shares of SPDR S&P Bank ETF by 36.7% during the third quarter. MAI Capital Management now owns 14,225 shares of the exchange traded fund’s stock valued at $752,000 after purchasing an additional 3,821 shares in the last quarter.

SPDR S&P Bank ETF Stock Down 0.8 %

KBE opened at $51.28 on Wednesday. SPDR S&P Bank ETF has a 12-month low of $42.77 and a 12-month high of $63.74. The firm has a market capitalization of $2.43 billion, a P/E ratio of 13.73 and a beta of 1.15. The stock has a fifty day moving average of $56.90 and a 200-day moving average of $56.23.

SPDR S&P Bank ETF Company 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.