JPMorgan Chase & Co. Buys 2,199,599 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

JPMorgan Chase & Co. increased its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 1,963.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,311,639 shares of the exchange traded fund’s stock after purchasing an additional 2,199,599 shares during the period. JPMorgan Chase & Co. owned approximately 7.88% of SPDR S&P Bank ETF worth $128,227,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. New Wave Wealth Advisors LLC bought a new position in shares of SPDR S&P Bank ETF in the fourth quarter worth approximately $46,000. Jones Financial Companies Lllp boosted its stake in SPDR S&P Bank ETF by 1,008.8% during the 4th quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 807 shares during the last quarter. Heck Capital Advisors LLC bought a new stake in shares of SPDR S&P Bank ETF in the 4th quarter worth $51,000. Rialto Wealth Management LLC purchased a new position in shares of SPDR S&P Bank ETF in the fourth quarter worth $51,000. Finally, Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at $64,000.

SPDR S&P Bank ETF Price Performance

SPDR S&P Bank ETF stock opened at $52.73 on Wednesday. SPDR S&P Bank ETF has a one year low of $42.77 and a one year high of $63.74. The business’s fifty day moving average is $56.05 and its 200 day moving average is $56.31. The stock has a market capitalization of $2.00 billion, a PE ratio of 12.58 and a beta of 0.99.

SPDR S&P Bank ETF Dividend Announcement

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were paid a $0.3774 dividend. The ex-dividend date 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.