Madison Asset Management LLC Acquires 59,356 Shares of SPDR S&P Bank ETF $KBE

Madison Asset Management LLC grew its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 16.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 420,694 shares of the exchange traded fund’s stock after acquiring an additional 59,356 shares during the quarter. Madison Asset Management LLC owned 1.76% of SPDR S&P Bank ETF worth $24,998,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in KBE. Wagner Wealth Management LLC acquired a new position in shares of SPDR S&P Bank ETF in the 3rd quarter valued at $29,000. Ameritas Advisory Services LLC acquired a new position in shares of SPDR S&P Bank ETF during the second quarter valued at $35,000. HHM Wealth Advisors LLC raised its stake in shares of SPDR S&P Bank ETF by 3,886.4% during the third quarter. HHM Wealth Advisors LLC now owns 877 shares of the exchange traded fund’s stock worth $52,000 after buying an additional 855 shares during the last quarter. CWM LLC boosted its position in shares of SPDR S&P Bank ETF by 42.2% in the 3rd quarter. CWM LLC now owns 1,348 shares of the exchange traded fund’s stock worth $80,000 after purchasing an additional 400 shares during the last quarter. Finally, CoreCap Advisors LLC boosted its stake in SPDR S&P Bank ETF by 54.4% during the 3rd quarter. CoreCap Advisors LLC now owns 1,768 shares of the exchange traded fund’s stock worth $105,000 after acquiring an additional 623 shares during the last quarter.

SPDR S&P Bank ETF Trading Down 0.9%

Shares of SPDR S&P Bank ETF stock opened at $66.67 on Wednesday. The company has a market capitalization of $1.60 billion, a PE ratio of 12.60 and a beta of 0.97. The stock’s fifty day simple moving average is $62.93 and its 200 day simple moving average is $60.04. SPDR S&P Bank ETF has a 12 month low of $44.34 and a 12 month high of $67.75.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).