Symphony Asset Management LLC raised its position in SPDR KBW Bank (NYSE:KBE) by 30.8% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 598,060 shares of the exchange traded fund’s stock after acquiring an additional 140,900 shares during the period. SPDR KBW Bank comprises 2.9% of Symphony Asset Management LLC’s portfolio, making the stock its 3rd biggest position. Symphony Asset Management LLC’s holdings in SPDR KBW Bank were worth $26,028,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. lifted its stake in SPDR KBW Bank by 1.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,138 shares of the exchange traded fund’s stock valued at $180,000 after acquiring an additional 47 shares in the last quarter. IFP Advisors Inc lifted its stake in SPDR KBW Bank by 57.3% in the 2nd quarter. IFP Advisors Inc now owns 4,577 shares of the exchange traded fund’s stock valued at $199,000 after acquiring an additional 1,667 shares in the last quarter. Parallel Advisors LLC lifted its stake in SPDR KBW Bank by 42.7% in the 2nd quarter. Parallel Advisors LLC now owns 6,470 shares of the exchange traded fund’s stock valued at $280,000 after acquiring an additional 1,935 shares in the last quarter. Puplava Financial Services Inc. bought a new stake in SPDR KBW Bank in the 2nd quarter valued at approximately $292,000. Finally, Stratos Wealth Partners LTD. lifted its stake in SPDR KBW Bank by 18.6% in the 2nd quarter. Stratos Wealth Partners LTD. now owns 7,174 shares of the exchange traded fund’s stock valued at $312,000 after acquiring an additional 1,124 shares in the last quarter.

SPDR KBW Bank (KBE) traded up 2.51% during midday trading on Monday, reaching $41.23. The company’s stock had a trading volume of 1,066,248 shares. The firm has a 50 day moving average of $42.35 and a 200 day moving average of $42.93. SPDR KBW Bank has a 52-week low of $32.50 and a 52-week high of $46.99.

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SPDR KBW Bank 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.

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Institutional Ownership by Quarter for SPDR KBW Bank (NYSE:KBE)

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