Edmond DE Rothschild Holding S.A. Acquires 13,706 Shares of SPDR S&P Bank ETF $KBE

Edmond DE Rothschild Holding S.A. raised its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 2.4% in the second quarter, Holdings Channel.com reports. The firm owned 575,420 shares of the exchange traded fund’s stock after buying an additional 13,706 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in SPDR S&P Bank ETF were worth $32,085,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Envestnet Asset Management Inc. boosted its position in shares of SPDR S&P Bank ETF by 2.2% during the first quarter. Envestnet Asset Management Inc. now owns 23,483 shares of the exchange traded fund’s stock valued at $1,244,000 after buying an additional 504 shares during the last quarter. Avantax Advisory Services Inc. lifted its stake in SPDR S&P Bank ETF by 10.8% during the 1st quarter. Avantax Advisory Services Inc. now owns 9,688 shares of the exchange traded fund’s stock valued at $513,000 after acquiring an additional 942 shares in the last quarter. Cetera Investment Advisers boosted its holdings in SPDR S&P Bank ETF by 34.4% during the 1st quarter. Cetera Investment Advisers now owns 30,959 shares of the exchange traded fund’s stock worth $1,640,000 after acquiring an additional 7,917 shares during the last quarter. Assetmark Inc. boosted its holdings in SPDR S&P Bank ETF by 33.6% during the 1st quarter. Assetmark Inc. now owns 7,390 shares of the exchange traded fund’s stock worth $391,000 after acquiring an additional 1,858 shares during the last quarter. Finally, TD Asset Management Inc bought a new stake in shares of SPDR S&P Bank ETF in the 1st quarter worth $7,589,000.

SPDR S&P Bank ETF Price Performance

Shares of KBE stock opened at $57.74 on Tuesday. The firm has a 50-day moving average of $58.05 and a 200-day moving average of $57.22. SPDR S&P Bank ETF has a one year low of $44.34 and a one year high of $63.74. The company has a market cap of $1.38 billion, a P/E ratio of 12.60 and a beta of 0.97.

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.