Harel Insurance Investments & Financial Services Ltd. Has $64.90 Million Stock Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 290.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,170,000 shares of the exchange traded fund’s stock after purchasing an additional 870,000 shares during the period. SPDR S&P Bank ETF comprises approximately 1.1% of Harel Insurance Investments & Financial Services Ltd.’s portfolio, making the stock its 23rd biggest position. Harel Insurance Investments & Financial Services Ltd.’s holdings in SPDR S&P Bank ETF were worth $64,900,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KBE. Mutual Advisors LLC lifted its position in shares of SPDR S&P Bank ETF by 95.9% during the fourth quarter. Mutual Advisors LLC now owns 11,116 shares of the exchange traded fund’s stock valued at $635,000 after purchasing an additional 5,443 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of SPDR S&P Bank ETF by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock worth $985,000 after buying an additional 278 shares in the last quarter. Magnus Financial Group LLC boosted its stake in shares of SPDR S&P Bank ETF by 13.6% in the 4th quarter. Magnus Financial Group LLC now owns 5,166 shares of the exchange traded fund’s stock worth $287,000 after buying an additional 619 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Bank ETF in the 4th quarter worth approximately $64,000. Finally, Tlwm bought a new position in shares of SPDR S&P Bank ETF in the fourth quarter valued at approximately $17,871,000.

SPDR S&P Bank ETF Trading Up 0.5 %

Shares of SPDR S&P Bank ETF stock opened at $58.08 on Friday. The business’s fifty day simple moving average is $58.04 and its 200 day simple moving average is $54.78. SPDR S&P Bank ETF has a 12 month low of $42.13 and a 12 month high of $63.74. The firm has a market capitalization of $1.70 billion, a P/E ratio of 7.86 and a beta of 1.42.

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.