Cetera Investment Advisers Sells 43,453 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Cetera Investment Advisers reduced its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 65.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 23,042 shares of the exchange traded fund’s stock after selling 43,453 shares during the quarter. Cetera Investment Advisers owned 0.08% of SPDR S&P Bank ETF worth $1,278,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in KBE. New Wave Wealth Advisors LLC bought a new stake in SPDR S&P Bank ETF in the 4th quarter valued at about $46,000. Jones Financial Companies Lllp raised its stake in SPDR S&P Bank ETF by 1,008.8% in the 4th quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 807 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at about $51,000. Rialto Wealth Management LLC bought a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at about $51,000. Finally, O Shaughnessy Asset Management LLC increased its position in shares of SPDR S&P Bank ETF by 145.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 1,264 shares of the exchange traded fund’s stock valued at $70,000 after buying an additional 750 shares during the period.

SPDR S&P Bank ETF Stock Down 3.5%

Shares of KBE opened at $52.86 on Thursday. The business’s 50-day moving average price is $51.21 and its 200-day moving average price is $55.45. SPDR S&P Bank ETF has a twelve month low of $43.64 and a twelve month high of $63.74. The stock has a market cap of $1.44 billion, a PE ratio of 12.17 and a beta of 0.96.

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.