SPDR S&P Bank ETF $KBE Shares Sold by BigSur Wealth Management LLC

BigSur Wealth Management LLC lowered its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 76.3% in the third quarter, according to the company in its most recent filing with the SEC. The firm owned 2,925 shares of the exchange traded fund’s stock after selling 9,400 shares during the quarter. BigSur Wealth Management LLC’s holdings in SPDR S&P Bank ETF were worth $174,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new stake in SPDR S&P Bank ETF during the 2nd quarter worth about $35,000. TD Waterhouse Canada Inc. lifted its holdings in SPDR S&P Bank ETF by 24.9% in the second quarter. TD Waterhouse Canada Inc. now owns 3,509 shares of the exchange traded fund’s stock valued at $201,000 after acquiring an additional 700 shares during the period. HB Wealth Management LLC purchased a new stake in SPDR S&P Bank ETF in the 2nd quarter worth approximately $203,000. Stratos Wealth Partners LTD. acquired a new stake in shares of SPDR S&P Bank ETF during the 2nd quarter worth approximately $221,000. Finally, Tyler Stone Wealth Management acquired a new stake in shares of SPDR S&P Bank ETF during the 2nd quarter worth approximately $243,000.

SPDR S&P Bank ETF Price Performance

NYSEARCA:KBE opened at $62.58 on Tuesday. The company has a 50 day moving average price of $58.62 and a 200-day moving average price of $58.24. SPDR S&P Bank ETF has a 1-year low of $44.34 and a 1-year high of $63.28. The firm has a market cap of $1.50 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).