Ladenburg Thalmann Financial Services Inc. grew its stake in shares of SPDR KBW Bank (NYSEARCA:KBE) by 59.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 30,133 shares of the exchange traded fund’s stock after acquiring an additional 11,204 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in SPDR KBW Bank were worth $1,359,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC boosted its holdings 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 worth $119,000 after buying an additional 969 shares during the period. IFP Advisors Inc boosted its holdings in SPDR KBW Bank by 57.3% in the 2nd quarter. IFP Advisors Inc now owns 4,577 shares of the exchange traded fund’s stock worth $199,000 after buying an additional 1,667 shares during the period. Boston Advisors LLC bought a new position in SPDR KBW Bank in the 3rd quarter worth approximately $210,000. LGL Partners LLC bought a new position in SPDR KBW Bank in the 3rd quarter worth approximately $233,000. Finally, FMR LLC bought a new position in SPDR KBW Bank in the 2nd quarter worth approximately $262,000.
SPDR KBW Bank (KBE) opened at $48.03 on Tuesday. SPDR KBW Bank has a fifty-two week low of $39.60 and a fifty-two week high of $48.95.
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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.
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