322,179 Shares in SPDR S&P Bank ETF (NYSEARCA:KBE) Purchased by Tlwm

Tlwm bought a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 322,179 shares of the exchange traded fund’s stock, valued at approximately $17,871,000. SPDR S&P Bank ETF accounts for 3.5% of Tlwm’s investment portfolio, making the stock its 11th biggest position.

Other large investors have also recently modified their holdings of the company. Commonwealth Equity Services LLC boosted its stake in SPDR S&P Bank ETF by 5.6% during the second quarter. Commonwealth Equity Services LLC now owns 30,093 shares of the exchange traded fund’s stock worth $1,396,000 after buying an additional 1,598 shares during the period. Envestnet Asset Management Inc. lifted its holdings in shares of SPDR S&P Bank ETF by 92.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock worth $4,244,000 after acquiring an additional 44,020 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in shares of SPDR S&P Bank ETF by 3,432.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 7,419 shares of the exchange traded fund’s stock worth $344,000 after purchasing an additional 7,209 shares during the period. ProVise Management Group LLC grew its holdings in SPDR S&P Bank ETF by 3.3% during the 2nd quarter. ProVise Management Group LLC now owns 190,879 shares of the exchange traded fund’s stock valued at $8,855,000 after purchasing an additional 6,038 shares during the last quarter. Finally, Cowa LLC raised its position in SPDR S&P Bank ETF by 11.9% in the 2nd quarter. Cowa LLC now owns 12,919 shares of the exchange traded fund’s stock worth $599,000 after purchasing an additional 1,376 shares during the period.

SPDR S&P Bank ETF Stock Performance

KBE opened at $54.19 on Tuesday. The stock’s 50 day moving average price is $58.40 and its 200-day moving average price is $54.17. SPDR S&P Bank ETF has a one year low of $42.13 and a one year high of $63.74. The stock has a market cap of $1.59 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

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.