Jefferies Financial Group Inc. Makes New Investment in SPDR S&P Bank ETF (NYSEARCA:KBE)

Jefferies Financial Group Inc. purchased a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, Holdings Channel reports. The firm purchased 242,783 shares of the exchange traded fund’s stock, valued at approximately $13,467,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Crestline Management LP bought a new stake in SPDR S&P Bank ETF during the fourth quarter valued at $5,320,000. Cercano Management LLC acquired a new position in shares of SPDR S&P Bank ETF in the 4th quarter valued at about $3,639,000. Capstone Investment Advisors LLC bought a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at about $4,766,000. Cary Street Partners Financial LLC acquired a new stake in SPDR S&P Bank ETF during the fourth quarter worth about $233,000. Finally, Castlekeep Investment Advisors LLC acquired a new stake in SPDR S&P Bank ETF during the fourth quarter worth about $261,072,000.

SPDR S&P Bank ETF Stock Down 0.5 %

Shares of KBE stock opened at $52.67 on Friday. The company has a market cap of $1.56 billion, a P/E ratio of 11.56 and a beta of 0.99. The business has a 50 day moving average of $50.87 and a two-hundred day moving average of $55.45. SPDR S&P Bank ETF has a 52 week low of $43.64 and a 52 week high of $63.74.

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.