Raymond James & Associates cut its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) by 5.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 59,360 shares of the exchange traded fund’s stock after selling 3,452 shares during the period. Raymond James & Associates’ holdings in SPDR S&P Bank ETF were worth $2,732,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in KBE. Tyler Stone Wealth Management acquired a new stake in SPDR S&P Bank ETF during the second quarter worth about $29,000. Ancora Advisors LLC acquired a new stake in SPDR S&P Bank ETF during the first quarter worth about $33,000. Clear Street Markets LLC increased its stake in SPDR S&P Bank ETF by 104.7% during the fourth quarter. Clear Street Markets LLC now owns 900 shares of the exchange traded fund’s stock worth $41,000 after acquiring an additional 20,000 shares during the last quarter. NBC Securities Inc. acquired a new stake in SPDR S&P Bank ETF during the third quarter worth about $46,000. Finally, Capital Investment Counsel Inc acquired a new stake in SPDR S&P Bank ETF during the third quarter worth about $72,000.
SPDR S&P Bank ETF Price Performance
Shares of NYSEARCA:KBE opened at $43.79 on Monday. The firm has a market capitalization of $1.50 billion, a PE ratio of 9.13 and a beta of 1.14. The business has a 50-day moving average of $44.77 and a two-hundred day moving average of $42.42. SPDR S&P Bank ETF has a 12 month low of $30.85 and a 12 month high of $47.39.
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.
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Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report).
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