Citigroup Inc. Has $70.87 Million Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

Citigroup Inc. raised its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 372.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,339,899 shares of the exchange traded fund’s stock after acquiring an additional 1,056,448 shares during the quarter. Citigroup Inc. owned approximately 4.57% of SPDR S&P Bank ETF worth $70,867,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Prospera Financial Services Inc bought a new position in shares of SPDR S&P Bank ETF in the 3rd quarter valued at $1,207,000. MAI Capital Management increased its holdings in SPDR S&P Bank ETF by 36.7% in the 3rd quarter. MAI Capital Management now owns 14,225 shares of the exchange traded fund’s stock worth $752,000 after purchasing an additional 3,821 shares in the last quarter. Vectors Research Management LLC bought a new position in SPDR S&P Bank ETF in the third quarter valued at about $217,000. Baker Avenue Asset Management LP acquired a new stake in shares of SPDR S&P Bank ETF during the third quarter valued at about $2,822,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of SPDR S&P Bank ETF during the third quarter worth about $1,661,000.

SPDR S&P Bank ETF Price Performance

Shares of NYSEARCA KBE opened at $61.63 on Friday. The company has a 50 day simple moving average of $55.34 and a 200 day simple moving average of $51.05. SPDR S&P Bank ETF has a 1 year low of $38.97 and a 1 year high of $61.87. The firm has a market cap of $1.81 billion, a PE ratio of 7.86 and a beta of 1.42.

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.