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.

ILLEGAL ACTIVITY NOTICE: This report was first posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another website, it was stolen and reposted in violation of U.S. and international trademark & copyright legislation. The legal version of this report can be accessed at https://www.thecerbatgem.com/2019/02/11/welch-capital-partners-llc-ny-acquires-shares-of-42640-spdr-sp-bank-etf-kbe.html.

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.

Read More: What is insider trading?

Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Bank ETF (NYSEARCA:KBE).

Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSEARCA:KBE)

Receive News & Ratings for SPDR S&P Bank ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Bank ETF and related companies with MarketBeat.com's FREE daily email newsletter.