SPDR S&P Bank ETF (KBE) Stake Raised by Focused Wealth Management Inc

Focused Wealth Management Inc lifted its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 77.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,309 shares of the exchange traded fund’s stock after purchasing an additional 33,261 shares during the period. SPDR S&P Bank ETF makes up about 1.2% of Focused Wealth Management Inc’s holdings, making the stock its 15th biggest position. Focused Wealth Management Inc’s holdings in SPDR S&P Bank ETF were worth $3,599,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC purchased a new position in shares of SPDR S&P Bank ETF during the first quarter valued at $182,000. GWM Advisors LLC purchased a new position in shares of SPDR S&P Bank ETF during the second quarter valued at $208,000. First American Trust FSB purchased a new position in shares of SPDR S&P Bank ETF during the second quarter valued at $262,000. Grandfield & Dodd LLC purchased a new position in shares of SPDR S&P Bank ETF during the second quarter valued at $271,000. Finally, Chevy Chase Trust Holdings Inc. purchased a new position in shares of SPDR S&P Bank ETF during the second quarter valued at $284,000.

Shares of KBE stock opened at $48.61 on Friday. SPDR S&P Bank ETF has a 1-year low of $41.44 and a 1-year high of $52.00.

SPDR S&P Bank ETF 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 S&P Bank ETF (NYSEARCA:KBE)

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