Janney Montgomery Scott LLC Sells 573 Shares of SPDR S&P Bank ETF $KBE

Janney Montgomery Scott LLC cut its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 3.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,418 shares of the exchange traded fund’s stock after selling 573 shares during the quarter. Janney Montgomery Scott LLC owned approximately 0.06% of SPDR S&P Bank ETF worth $916,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC lifted its position in SPDR S&P Bank ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 600 shares of the exchange traded fund’s stock worth $32,000 after buying an additional 300 shares in the last quarter. Pandora Wealth Inc. bought a new stake in SPDR S&P Bank ETF during the 1st quarter worth about $37,000. US Bancorp DE lifted its position in SPDR S&P Bank ETF by 43.9% during the 1st quarter. US Bancorp DE now owns 1,065 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 325 shares in the last quarter. Provident Wealth Management LLC bought a new stake in SPDR S&P Bank ETF during the 1st quarter worth about $66,000. Finally, CX Institutional bought a new stake in SPDR S&P Bank ETF during the 1st quarter worth about $115,000.

SPDR S&P Bank ETF Price Performance

Shares of NYSEARCA:KBE opened at $59.33 on Wednesday. The company’s 50-day moving average price is $59.52 and its two-hundred day moving average price is $55.62. SPDR S&P Bank ETF has a one year low of $44.34 and a one year high of $63.74. The stock has a market capitalization of $1.48 billion, a PE ratio of 12.60 and a beta of 1.14.

SPDR S&P Bank ETF 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.