C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires Shares of 50,444 SPDR S&P Bank ETF $KBE

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 50,444 shares of the exchange traded fund’s stock, valued at approximately $2,813,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of KBE. Kapitalo Investimentos Ltda bought a new position in SPDR S&P Bank ETF in the first quarter valued at approximately $25,315,000. Nan Fung Trinity HK Ltd. bought a new position in shares of SPDR S&P Bank ETF during the first quarter worth $20,575,000. Edmond DE Rothschild Holding S.A. boosted its position in shares of SPDR S&P Bank ETF by 115.2% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 561,714 shares of the exchange traded fund’s stock worth $29,748,000 after purchasing an additional 300,652 shares in the last quarter. TD Asset Management Inc bought a new position in shares of SPDR S&P Bank ETF during the first quarter worth $7,589,000. Finally, Madison Asset Management LLC boosted its position in shares of SPDR S&P Bank ETF by 52.8% during the first quarter. Madison Asset Management LLC now owns 397,809 shares of the exchange traded fund’s stock worth $21,068,000 after purchasing an additional 137,441 shares in the last quarter.

SPDR S&P Bank ETF Stock Up 0.3%

Shares of NYSEARCA KBE opened at $56.74 on Friday. The company’s fifty day moving average is $59.33 and its 200-day moving average is $56.44. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97. SPDR S&P Bank ETF has a twelve month low of $44.34 and a twelve month high of $63.74.

About SPDR S&P Bank ETF

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.