Steward Partners Investment Advisory LLC Sells 535 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Steward Partners Investment Advisory LLC reduced its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBEFree Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,483 shares of the exchange traded fund’s stock after selling 535 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in SPDR S&P Bank ETF were worth $436,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Migdal Insurance & Financial Holdings Ltd. purchased a new stake in shares of SPDR S&P Bank ETF during the fourth quarter worth about $35,896,000. Harel Insurance Investments & Financial Services Ltd. purchased a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $13,806,000. Altfest L J & Co. Inc. purchased a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $9,262,000. Axxcess Wealth Management LLC purchased a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $5,748,000. Finally, Wells Fargo & Company MN lifted its holdings in shares of SPDR S&P Bank ETF by 31.9% during the fourth quarter. Wells Fargo & Company MN now owns 454,954 shares of the exchange traded fund’s stock valued at $20,937,000 after purchasing an additional 110,131 shares during the last quarter.

SPDR S&P Bank ETF Stock Up 0.0 %

Shares of KBE opened at $45.10 on Friday. The company has a market capitalization of $1.32 billion, a P/E ratio of 7.86 and a beta of 1.42. The firm has a 50 day moving average of $45.78 and a 200 day moving average of $44.85. SPDR S&P Bank ETF has a twelve month low of $33.97 and a twelve month high of $48.32.

About SPDR S&P Bank ETF

(Free Report)

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.

See Also

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

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