Madison Asset Management LLC Acquires 59,356 Shares of SPDR S&P Bank ETF $KBE

Madison Asset Management LLC boosted its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 16.4% during the third quarter, Holdings Channel reports. The fund owned 420,694 shares of the exchange traded fund’s stock after acquiring an additional 59,356 shares during the period. Madison Asset Management LLC’s holdings in SPDR S&P Bank ETF were worth $24,998,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Stratos Wealth Partners LTD. increased its position in shares of SPDR S&P Bank ETF by 12.3% in the third quarter. Stratos Wealth Partners LTD. now owns 4,460 shares of the exchange traded fund’s stock valued at $265,000 after acquiring an additional 488 shares during the period. Oppenheimer & Co. Inc. bought a new position in shares of SPDR S&P Bank ETF during the third quarter valued at approximately $1,039,000. RFG Advisory LLC bought a new position in shares of SPDR S&P Bank ETF during the third quarter valued at $215,000. Castlekeep Investment Advisors LLC raised its holdings in SPDR S&P Bank ETF by 1.4% in the third quarter. Castlekeep Investment Advisors LLC now owns 204,919 shares of the exchange traded fund’s stock worth $12,176,000 after buying an additional 2,811 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its holdings in shares of SPDR S&P Bank ETF by 798.4% in the 3rd quarter. Jones Financial Companies Lllp now owns 10,125 shares of the exchange traded fund’s stock worth $611,000 after purchasing an additional 8,998 shares in the last quarter.

SPDR S&P Bank ETF Trading Down 0.9%

NYSEARCA:KBE opened at $66.67 on Wednesday. The company has a market cap of $1.60 billion, a PE ratio of 12.60 and a beta of 0.97. The company has a 50 day simple moving average of $62.93 and a two-hundred day simple moving average of $60.04. SPDR S&P Bank ETF has a 12 month low of $44.34 and a 12 month high of $67.75.

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).