Essex Financial Services Inc. Acquires 1,000 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Essex Financial Services Inc. lifted its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 23.8% in the 4th quarter, HoldingsChannel.com reports. The fund owned 5,197 shares of the exchange traded fund’s stock after buying an additional 1,000 shares during the period. Essex Financial Services Inc.’s holdings in SPDR S&P Bank ETF were worth $288,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in KBE. US Bancorp DE raised its position in shares of SPDR S&P Bank ETF by 678.9% in the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 645 shares in the last quarter. New Wave Wealth Advisors LLC bought a new position in shares of SPDR S&P Bank ETF in the 4th quarter worth about $46,000. Heck Capital Advisors LLC bought a new position in shares of SPDR S&P Bank ETF in the 4th quarter worth about $51,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Bank ETF in the 4th quarter valued at about $64,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter valued at about $84,000.

SPDR S&P Bank ETF Price Performance

Shares of KBE opened at $58.43 on Friday. The stock has a 50-day moving average of $57.45 and a 200-day moving average of $55.49. The company has a market cap of $1.71 billion, a PE ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a one year low of $42.77 and a one year high of $63.74.

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.