SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 6.8% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 94,331 shares of the exchange traded fund’s stock after selling 6,830 shares during the quarter. HighTower Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $3,482,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Clear Street Markets LLC increased its holdings in shares of SPDR S&P Bank ETF by 104.7% in the 4th quarter. Clear Street Markets LLC now owns 900 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 20,000 shares during the period. Advisors Preferred LLC bought a new position in SPDR S&P Bank ETF during the first quarter valued at about $43,000. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR S&P Bank ETF in the first quarter worth about $61,000. Franklin Resources Inc. bought a new stake in shares of SPDR S&P Bank ETF during the 2nd quarter worth about $111,000. Finally, Spire Wealth Management raised its stake in shares of SPDR S&P Bank ETF by 60.0% in the 1st quarter. Spire Wealth Management now owns 3,028 shares of the exchange traded fund’s stock valued at $112,000 after acquiring an additional 1,135 shares in the last quarter.

SPDR S&P Bank ETF Trading Down 1.2 %

NYSEARCA:KBE opened at $37.82 on Friday. The firm has a market capitalization of $1.30 billion, a PE ratio of 9.13 and a beta of 1.14. SPDR S&P Bank ETF has a 1 year low of $30.85 and a 1 year high of $50.82. The firm’s fifty day simple moving average is $39.35 and its 200 day simple moving average is $38.23.

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.