Envestnet Asset Management Inc. Sells 35,443 Shares of SPDR S&P Bank ETF $KBE

Envestnet Asset Management Inc. cut its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 57.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,969 shares of the exchange traded fund’s stock after selling 35,443 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.11% of SPDR S&P Bank ETF worth $1,543,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in KBE. Northwestern Mutual Wealth Management Co. raised its position in shares of SPDR S&P Bank ETF by 1.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 19,255 shares of the exchange traded fund’s stock worth $1,074,000 after acquiring an additional 276 shares during the last quarter. CWM LLC increased its position in SPDR S&P Bank ETF by 42.2% during the 3rd quarter. CWM LLC now owns 1,348 shares of the exchange traded fund’s stock valued at $80,000 after purchasing an additional 400 shares during the period. Wagner Wealth Management LLC bought a new position in SPDR S&P Bank ETF during the 3rd quarter worth approximately $29,000. Lido Advisors LLC raised its holdings in SPDR S&P Bank ETF by 11.1% during the 2nd quarter. Lido Advisors LLC now owns 5,241 shares of the exchange traded fund’s stock worth $292,000 after purchasing an additional 525 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of SPDR S&P Bank ETF by 54.4% in the 3rd quarter. CoreCap Advisors LLC now owns 1,768 shares of the exchange traded fund’s stock worth $105,000 after purchasing an additional 623 shares during the period.

SPDR S&P Bank ETF Stock Performance

NYSEARCA:KBE opened at $61.05 on Monday. SPDR S&P Bank ETF has a 52 week low of $44.34 and a 52 week high of $67.75. The firm’s fifty day moving average is $63.60 and its 200-day moving average is $60.74. The firm has a market cap of $1.47 billion, a P/E ratio of 12.60 and a beta of 0.97.

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. 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).