SeaBridge Investment Advisors LLC Sells 2,503 Shares of SPDR S&P Bank ETF $KBE

SeaBridge Investment Advisors LLC decreased its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 31.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,409 shares of the exchange traded fund’s stock after selling 2,503 shares during the period. SeaBridge Investment Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $302,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. TD Asset Management Inc purchased a new position in SPDR S&P Bank ETF during the first quarter valued at approximately $7,589,000. NBC Securities Inc. boosted its stake in shares of SPDR S&P Bank ETF by 125,300.0% during the 1st quarter. NBC Securities Inc. now owns 1,254 shares of the exchange traded fund’s stock worth $66,000 after acquiring an additional 1,253 shares in the last quarter. Raymond James Financial Inc. boosted its stake in shares of SPDR S&P Bank ETF by 9.3% during the 1st quarter. Raymond James Financial Inc. now owns 230,824 shares of the exchange traded fund’s stock worth $12,224,000 after acquiring an additional 19,731 shares in the last quarter. Northern Trust Corp acquired a new position in shares of SPDR S&P Bank ETF during the 4th quarter worth about $202,000. Finally, Envestnet Asset Management Inc. raised its holdings in SPDR S&P Bank ETF by 2.2% in the 1st quarter. Envestnet Asset Management Inc. now owns 23,483 shares of the exchange traded fund’s stock valued at $1,244,000 after acquiring an additional 504 shares during the last quarter.

SPDR S&P Bank ETF Price Performance

Shares of NYSEARCA KBE opened at $60.35 on Friday. The company has a market capitalization of $1.64 billion, a P/E ratio of 12.60 and a beta of 1.14. The company has a 50 day simple moving average of $59.13 and a 200-day simple moving average of $55.15. SPDR S&P Bank ETF has a 1 year low of $44.34 and a 1 year high of $63.74.

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.