AE Wealth Management LLC Invests $213,000 in SPDR S&P Bank ETF (NYSEARCA:KBE)

AE Wealth Management LLC bought a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the first quarter, HoldingsChannel reports. The institutional investor bought 4,107 shares of the exchange traded fund’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of KBE. Morgan Stanley lifted its stake in shares of SPDR S&P Bank ETF by 51.0% during the 4th quarter. Morgan Stanley now owns 4,395,849 shares of the exchange traded fund’s stock worth $183,834,000 after buying an additional 1,484,128 shares during the last quarter. Psagot Investment House Ltd. acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $29,040,000. Pinnacle Advisory Group Inc. acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $14,786,000. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $13,919,000. Finally, Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management lifted its stake in shares of SPDR S&P Bank ETF by 40.3% during the 1st quarter. Mivtachim The Workers Social Insurance Fund Ltd. Under Special Management now owns 1,115,800 shares of the exchange traded fund’s stock worth $57,888,000 after buying an additional 320,240 shares during the last quarter.

Shares of SPDR S&P Bank ETF stock opened at $55.15 on Friday. SPDR S&P Bank ETF has a twelve month low of $26.31 and a twelve month high of $56.49. The company has a 50-day simple moving average of $52.97 and a two-hundred day simple moving average of $46.29.

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.

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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)

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