Belpointe Asset Management LLC Sells 75,141 Shares of SPDR S&P Bank ETF $KBE

Belpointe Asset Management LLC trimmed its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 92.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,096 shares of the exchange traded fund’s stock after selling 75,141 shares during the quarter. Belpointe Asset Management LLC’s holdings in SPDR S&P Bank ETF were worth $323,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of KBE. Kapitalo Investimentos Ltda bought a new position in SPDR S&P Bank ETF in the first quarter valued at approximately $25,315,000. Nan Fung Trinity HK Ltd. bought a new position in SPDR S&P Bank ETF in the first quarter valued at approximately $20,575,000. Edmond DE Rothschild Holding S.A. grew its stake in SPDR S&P Bank ETF by 115.2% in the first quarter. Edmond DE Rothschild Holding S.A. now owns 561,714 shares of the exchange traded fund’s stock valued at $29,748,000 after purchasing an additional 300,652 shares in the last quarter. Millennium Management LLC boosted its stake in shares of SPDR S&P Bank ETF by 181.4% during the 4th quarter. Millennium Management LLC now owns 360,001 shares of the exchange traded fund’s stock worth $19,969,000 after acquiring an additional 232,049 shares during the period. Finally, TD Asset Management Inc bought a new position in shares of SPDR S&P Bank ETF during the 1st quarter worth approximately $7,589,000.

SPDR S&P Bank ETF Trading Down 0.3%

Shares of NYSEARCA KBE opened at $60.99 on Monday. SPDR S&P Bank ETF has a 12 month low of $44.34 and a 12 month high of $63.74. The stock has a 50 day moving average of $58.66 and a 200-day moving average of $54.70. The company has a market capitalization of $1.66 billion, a P/E ratio of 12.60 and a beta of 1.14.

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.