8,101 Shares of SPDR S&P Bank ETF $KBE Acquired by Graves Light Lenhart Wealth Inc.

Graves Light Lenhart Wealth Inc. bought a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,101 shares of the exchange traded fund’s stock, valued at approximately $512,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. IMC Chicago LLC lifted its position in SPDR S&P Bank ETF by 43.8% during the 1st quarter. IMC Chicago LLC now owns 36,834 shares of the exchange traded fund’s stock valued at $2,193,000 after acquiring an additional 11,212 shares during the period. Tidal Investments LLC bought a new position in shares of SPDR S&P Bank ETF during the second quarter valued at $1,449,000. Value Investment Professionals LLC purchased a new stake in shares of SPDR S&P Bank ETF during the 1st quarter valued at about $681,000. Integrated Wealth Concepts LLC boosted its holdings in SPDR S&P Bank ETF by 138.7% in the second quarter. Integrated Wealth Concepts LLC now owns 26,106 shares of the exchange traded fund’s stock worth $1,781,000 after purchasing an additional 15,167 shares during the last quarter. Finally, Quantitative Investment Management LLC bought a new stake in shares of SPDR S&P Bank ETF in the second quarter worth $4,791,000.

SPDR S&P Bank ETF Trading Up 1.0%

KBE opened at $63.55 on Friday. SPDR S&P Bank ETF has a 12-month low of $54.64 and a 12-month high of $71.92. The company’s 50 day moving average is $67.74 and its 200 day moving average is $65.89. The company has a market cap of $1.47 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).