SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Bought by MML Investors Services LLC

MML Investors Services LLC boosted its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 433.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,911 shares of the exchange traded fund’s stock after buying an additional 25,113 shares during the period. MML Investors Services LLC owned approximately 0.11% of SPDR S&P Bank ETF worth $1,635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Creative Planning increased its position in SPDR S&P Bank ETF by 3.3% during the 2nd quarter. Creative Planning now owns 6,313 shares of the exchange traded fund’s stock valued at $293,000 after buying an additional 200 shares in the last quarter. Fifth Third Bancorp grew its stake in SPDR S&P Bank ETF by 9.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 220 shares during the last quarter. Harbour Investments Inc. grew its stake in SPDR S&P Bank ETF by 10.2% during the 2nd quarter. Harbour Investments Inc. now owns 3,721 shares of the exchange traded fund’s stock valued at $173,000 after purchasing an additional 343 shares during the last quarter. US Bancorp DE grew its stake 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 last quarter. Finally, Stephens Inc. AR grew its stake in SPDR S&P Bank ETF by 7.4% during the 3rd quarter. Stephens Inc. AR now owns 9,491 shares of the exchange traded fund’s stock valued at $502,000 after purchasing an additional 651 shares during the last quarter.

SPDR S&P Bank ETF Stock Performance

SPDR S&P Bank ETF stock opened at $58.17 on Wednesday. The business’s 50-day simple moving average is $57.97 and its two-hundred day simple moving average is $52.67. The company has a market cap of $1.71 billion, a PE ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a fifty-two week low of $42.13 and a fifty-two week high of $63.74.

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.