Commonwealth Equity Services LLC grew its position in SPDR KBW Bank (NYSEARCA:KBE) by 28.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 41,980 shares of the exchange traded fund’s stock after acquiring an additional 9,293 shares during the quarter. Commonwealth Equity Services LLC owned 0.05% of SPDR KBW Bank worth $2,010,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of KBE. Advisors Preferred LLC boosted its position in shares of SPDR KBW Bank by 479.7% in the 1st quarter. Advisors Preferred LLC now owns 2,991 shares of the exchange traded fund’s stock worth $143,000 after purchasing an additional 2,475 shares during the last quarter. Signaturefd LLC acquired a new stake in shares of SPDR KBW Bank in the 1st quarter valued at about $182,000. Twin Focus Capital Partners LLC acquired a new stake in shares of SPDR KBW Bank in the fourth quarter valued at about $206,000. Grimes & Company Inc. acquired a new stake in shares of SPDR KBW Bank in the first quarter valued at about $231,000. Finally, Gerber Kawasaki Wealth & Investment Management acquired a new stake in shares of SPDR KBW Bank in the first quarter valued at about $233,000.
Shares of NYSEARCA KBE opened at $47.40 on Thursday. SPDR KBW Bank has a twelve month low of $39.60 and a twelve month high of $52.00.
The company also recently declared a quarterly dividend, which was paid on Wednesday, June 20th. Stockholders of record on Monday, June 18th were issued a $0.1697 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from SPDR KBW Bank’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, June 15th.
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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