Welch Capital Partners LLC NY Acquires Shares of 42,640 SPDR S&P Bank ETF (KBE)
Welch Capital Partners LLC NY acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 42,640 shares of the exchange traded fund’s stock, valued at approximately $1,593,000. SPDR S&P Bank ETF comprises about 0.6% of Welch Capital Partners LLC NY’s portfolio, making the stock its 22nd biggest holding.
A number of other large investors have also recently made changes to their positions in KBE. BlackRock Inc. acquired a new position in shares of SPDR S&P Bank ETF in the 2nd quarter worth approximately $778,000. FMR LLC increased its holdings in SPDR S&P Bank ETF by 18.2% during the 2nd quarter. FMR LLC now owns 8,825 shares of the exchange traded fund’s stock worth $419,000 after purchasing an additional 1,360 shares in the last quarter. Millennium Management LLC bought a new position in SPDR S&P Bank ETF during the 2nd quarter worth about $1,486,000. First Hawaiian Bank bought a new position in SPDR S&P Bank ETF during the 3rd quarter worth about $261,000. Finally, Stony Point Wealth Management Inc. increased its holdings in SPDR S&P Bank ETF by 4.6% during the 3rd quarter. Stony Point Wealth Management Inc. now owns 77,834 shares of the exchange traded fund’s stock worth $3,625,000 after purchasing an additional 3,400 shares in the last quarter.
KBE stock traded up $0.03 during trading hours on Monday, reaching $43.46. 43,299 shares of the stock were exchanged, compared to its average volume of 3,542,399. SPDR S&P Bank ETF has a 12 month low of $34.92 and a 12 month high of $52.00.
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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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