Tower Research Capital LLC TRC Raises Stock Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Tower Research Capital LLC TRC lifted its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 14,891.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 89,950 shares of the exchange traded fund’s stock after acquiring an additional 89,350 shares during the quarter. Tower Research Capital LLC TRC owned 0.23% of SPDR S&P Bank ETF worth $3,883,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of KBE. Marshall Wace LLP purchased a new stake in shares of SPDR S&P Bank ETF during the first quarter valued at approximately $222,000. Winfield Associates Inc. increased its position in shares of SPDR S&P Bank ETF by 40.3% during the second quarter. Winfield Associates Inc. now owns 8,325 shares of the exchange traded fund’s stock valued at $361,000 after acquiring an additional 2,390 shares during the last quarter. Cooper Financial Group increased its position in shares of SPDR S&P Bank ETF by 4.4% during the second quarter. Cooper Financial Group now owns 6,374 shares of the exchange traded fund’s stock valued at $276,000 after acquiring an additional 268 shares during the last quarter. Focused Wealth Management Inc increased its position in shares of SPDR S&P Bank ETF by 15.1% during the second quarter. Focused Wealth Management Inc now owns 129,666 shares of the exchange traded fund’s stock valued at $5,622,000 after acquiring an additional 16,990 shares during the last quarter. Finally, Squar Milner Financial Services LLC increased its position in shares of SPDR S&P Bank ETF by 2.5% during the second quarter. Squar Milner Financial Services LLC now owns 12,001 shares of the exchange traded fund’s stock valued at $520,000 after acquiring an additional 290 shares during the last quarter.

Shares of KBE traded down $0.20 on Monday, reaching $46.27. 1,169,922 shares of the company’s stock traded hands, compared to its average volume of 2,381,051. The stock’s 50 day simple moving average is $43.66 and its two-hundred day simple moving average is $43.09. SPDR S&P Bank ETF has a 52-week low of $34.92 and a 52-week high of $46.83.

About SPDR S&P Bank ETF

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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Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSEARCA:KBE)

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