Relative Value Partners Group LLC Increases Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

Relative Value Partners Group LLC increased its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 1.7% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 265,027 shares of the exchange traded fund’s stock after buying an additional 4,377 shares during the quarter. SPDR S&P Bank ETF comprises approximately 1.5% of Relative Value Partners Group LLC’s investment portfolio, making the stock its 27th biggest position. Relative Value Partners Group LLC owned about 0.33% of SPDR S&P Bank ETF worth $12,524,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of KBE. Advisory Services Network LLC lifted its stake in SPDR S&P Bank ETF by 54.7% during the second quarter. Advisory Services Network LLC now owns 2,742 shares of the exchange traded fund’s stock worth $119,000 after purchasing an additional 969 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in SPDR S&P Bank ETF by 1.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,138 shares of the exchange traded fund’s stock worth $180,000 after purchasing an additional 47 shares during the last quarter. IFP Advisors Inc lifted its stake in SPDR S&P Bank ETF by 57.3% during the second quarter. IFP Advisors Inc now owns 4,577 shares of the exchange traded fund’s stock worth $199,000 after purchasing an additional 1,667 shares during the last quarter. Boston Advisors LLC bought a new stake in SPDR S&P Bank ETF during the third quarter worth $210,000. Finally, FMR LLC bought a new stake in SPDR S&P Bank ETF during the second quarter worth $262,000.

SPDR S&P Bank ETF (KBE) opened at $47.71 on Friday. SPDR S&P Bank ETF has a 12 month low of $39.60 and a 12 month high of $48.95.

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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.

Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSEARCA:KBE)

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