C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Trims Stock Holdings in SPDR S&P Bank ETF $KBE

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors trimmed its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 80.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,826 shares of the exchange traded fund’s stock after selling 40,618 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in SPDR S&P Bank ETF were worth $584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Schroder Investment Management Group bought a new position in shares of SPDR S&P Bank ETF during the second quarter valued at approximately $37,514,000. Edmond DE Rothschild Holding S.A. grew its stake in shares of SPDR S&P Bank ETF by 2.4% in the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 575,420 shares of the exchange traded fund’s stock worth $32,085,000 after buying an additional 13,706 shares during the last quarter. Millennium Management LLC grew its stake in shares of SPDR S&P Bank ETF by 20.4% in the 1st quarter. Millennium Management LLC now owns 433,405 shares of the exchange traded fund’s stock worth $22,953,000 after buying an additional 73,404 shares during the last quarter. PNC Financial Services Group Inc. increased its position in SPDR S&P Bank ETF by 2.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 378,941 shares of the exchange traded fund’s stock valued at $21,130,000 after buying an additional 8,555 shares in the last quarter. Finally, Raymond James Financial Inc. raised its stake in SPDR S&P Bank ETF by 4.9% during the second quarter. Raymond James Financial Inc. now owns 242,125 shares of the exchange traded fund’s stock valued at $13,501,000 after buying an additional 11,301 shares during the last quarter.

SPDR S&P Bank ETF Trading Up 0.8%

NYSEARCA KBE opened at $61.17 on Friday. SPDR S&P Bank ETF has a 12 month low of $44.34 and a 12 month high of $63.28. The stock’s fifty day moving average price is $59.42 and its 200-day moving average price is $58.71. The stock has a market cap of $1.47 billion, a P/E ratio of 12.60 and a beta of 0.97.

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. 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).