Simplex Trading LLC Invests $3.72 Million in SPDR S&P Bank ETF (NYSEARCA:KBE)

Simplex Trading LLC bought a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 66,990 shares of the exchange traded fund’s stock, valued at approximately $3,715,000. Simplex Trading LLC owned 0.23% of SPDR S&P Bank ETF as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Institute for Wealth Management LLC. boosted its position in shares of SPDR S&P Bank ETF by 4.3% in the fourth quarter. Institute for Wealth Management LLC. now owns 4,606 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 189 shares during the period. Avantax Advisory Services Inc. boosted its holdings in SPDR S&P Bank ETF by 2.8% in the 4th quarter. Avantax Advisory Services Inc. now owns 8,746 shares of the exchange traded fund’s stock worth $485,000 after buying an additional 236 shares during the period. Janney Montgomery Scott LLC increased its stake in SPDR S&P Bank ETF by 1.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock worth $985,000 after buying an additional 278 shares in the last quarter. IFP Advisors Inc raised its holdings in SPDR S&P Bank ETF by 6.4% during the fourth quarter. IFP Advisors Inc now owns 5,000 shares of the exchange traded fund’s stock valued at $277,000 after acquiring an additional 300 shares during the period. Finally, Private Advisor Group LLC lifted its position in shares of SPDR S&P Bank ETF by 1.5% in the fourth quarter. Private Advisor Group LLC now owns 35,106 shares of the exchange traded fund’s stock valued at $1,947,000 after acquiring an additional 529 shares in the last quarter.

SPDR S&P Bank ETF Stock Down 0.4 %

NYSEARCA KBE opened at $54.04 on Thursday. The business has a 50-day moving average price of $56.44 and a 200-day moving average price of $56.23. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a twelve month low of $42.77 and a twelve month high of $63.74.

SPDR S&P Bank ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a dividend of $0.3774 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.