Belpointe Asset Management LLC Acquires 10,681 Shares of SPDR S&P Bank ETF $KBE

Belpointe Asset Management LLC increased its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 175.2% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 16,777 shares of the exchange traded fund’s stock after buying an additional 10,681 shares during the period. Belpointe Asset Management LLC’s holdings in SPDR S&P Bank ETF were worth $997,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KBE. Schroder Investment Management Group bought a new stake in shares of SPDR S&P Bank ETF during the 2nd quarter valued at $37,514,000. Bank of New York Mellon Corp bought a new position in shares of SPDR S&P Bank ETF in the second quarter worth about $9,606,000. Norden Group LLC bought a new position in SPDR S&P Bank ETF in the 3rd quarter valued at approximately $6,696,000. Sage Advisory Services Ltd.Co. bought a new position in shares of SPDR S&P Bank ETF in the 2nd quarter valued at $4,441,000. Finally, Walleye Capital LLC bought a new position in SPDR S&P Bank ETF in the second quarter valued at about $3,586,000.

SPDR S&P Bank ETF Stock Up 1.7%

Shares of SPDR S&P Bank ETF stock opened at $64.05 on Friday. The company’s fifty day moving average is $61.80 and its 200 day moving average is $59.58. SPDR S&P Bank ETF has a twelve month low of $44.34 and a twelve month high of $65.82. The stock has a market cap of $1.53 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97.

SPDR S&P Bank ETF 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. 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).