D.A. Davidson & CO. Has $746,000 Stake in SPDR KBW Bank (KBE)

D.A. Davidson & CO. lifted its stake in SPDR KBW Bank (NYSEARCA:KBE) by 18.7% during the fourth quarter, HoldingsChannel reports. The firm owned 15,749 shares of the exchange traded fund’s stock after purchasing an additional 2,484 shares during the quarter. D.A. Davidson & CO.’s holdings in SPDR KBW Bank were worth $746,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of KBE. Advisory Services Network LLC lifted its position in SPDR KBW Bank by 54.7% in the 2nd quarter. Advisory Services Network LLC now owns 2,742 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 969 shares in the last quarter. Boston Advisors LLC bought a new position in SPDR KBW Bank in the 3rd quarter valued at approximately $210,000. Steward Partners Investment Advisory LLC lifted its position in SPDR KBW Bank by 327.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 4,462 shares of the exchange traded fund’s stock valued at $211,000 after acquiring an additional 3,419 shares in the last quarter. LGL Partners LLC bought a new position in SPDR KBW Bank in the 3rd quarter valued at approximately $233,000. Finally, First Citizens Bank & Trust Co. bought a new position in SPDR KBW Bank in the 4th quarter valued at approximately $237,000.

SPDR KBW Bank (NYSEARCA:KBE) opened at $49.59 on Friday. The stock has a market capitalization of $4,320.00 and a P/E ratio of 9.41. SPDR KBW Bank has a 12-month low of $39.60 and a 12-month high of $51.58.

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About SPDR KBW Bank

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.

Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR KBW Bank (NYSEARCA:KBE).

Institutional Ownership by Quarter for SPDR KBW Bank (NYSEARCA:KBE)

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