Magnus Financial Group LLC Increases Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Magnus Financial Group LLC raised its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 13.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,166 shares of the exchange traded fund’s stock after buying an additional 619 shares during the period. Magnus Financial Group LLC’s holdings in SPDR S&P Bank ETF were worth $287,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. Creative Planning boosted its holdings 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 acquiring an additional 200 shares during the period. US Bancorp DE lifted its position in shares of SPDR S&P Bank ETF by 678.9% during the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 645 shares in the last quarter. Stephens Inc. AR boosted its stake in shares of SPDR S&P Bank ETF by 7.4% in the third 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 period. FMR LLC grew its holdings in shares of SPDR S&P Bank ETF by 20.6% in the third quarter. FMR LLC now owns 4,309 shares of the exchange traded fund’s stock valued at $229,000 after purchasing an additional 736 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in SPDR S&P Bank ETF by 14.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,968 shares of the exchange traded fund’s stock worth $316,000 after buying an additional 769 shares during the period.

SPDR S&P Bank ETF Stock Down 0.9 %

SPDR S&P Bank ETF stock opened at $57.95 on Thursday. SPDR S&P Bank ETF has a 52-week low of $42.13 and a 52-week high of $63.74. The firm has a market cap of $1.70 billion, a PE ratio of 7.86 and a beta of 1.42. The company’s 50 day moving average is $58.16 and its two-hundred day moving average is $54.64.

SPDR S&P Bank ETF 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.