260,368 Shares in SPDR S&P Bank ETF (NYSEARCA:KBE) Purchased by Madison Investment Advisors LLC

Madison Investment Advisors LLC purchased a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 260,368 shares of the exchange traded fund’s stock, valued at approximately $14,443,000. Madison Investment Advisors LLC owned approximately 0.89% of SPDR S&P Bank ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its holdings in shares of SPDR S&P Bank ETF by 678.9% in the third 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 in the last quarter. New Wave Wealth Advisors LLC acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth approximately $46,000. Jones Financial Companies Lllp increased its position in SPDR S&P Bank ETF by 1,008.8% during the fourth quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock worth $49,000 after purchasing an additional 807 shares during the last quarter. Heck Capital Advisors LLC acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth approximately $51,000. Finally, Rialto Wealth Management LLC acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth approximately $51,000.

SPDR S&P Bank ETF Stock Performance

Shares of KBE stock opened at $51.81 on Thursday. SPDR S&P Bank ETF has a one year low of $42.77 and a one year high of $63.74. The company has a 50 day moving average price of $56.83 and a 200 day moving average price of $56.20. The firm has a market capitalization of $2.45 billion, a price-to-earnings ratio of 13.73 and a beta of 1.15.

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.