Citigroup Inc. Sells 398,852 Shares of SPDR S&P Bank ETF $KBE

Citigroup Inc. reduced its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 81.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 91,953 shares of the exchange traded fund’s stock after selling 398,852 shares during the period. Citigroup Inc. owned approximately 0.38% of SPDR S&P Bank ETF worth $5,464,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Belpointe Asset Management LLC boosted its stake in shares of SPDR S&P Bank ETF by 175.2% in the 3rd quarter. Belpointe Asset Management LLC now owns 16,777 shares of the exchange traded fund’s stock valued at $997,000 after purchasing an additional 10,681 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in SPDR S&P Bank ETF by 161.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 61,412 shares of the exchange traded fund’s stock valued at $3,424,000 after purchasing an additional 37,929 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in SPDR S&P Bank ETF in the second quarter valued at approximately $626,000. Cetera Investment Advisers grew its stake in shares of SPDR S&P Bank ETF by 32.3% during the second quarter. Cetera Investment Advisers now owns 40,972 shares of the exchange traded fund’s stock worth $2,285,000 after buying an additional 10,013 shares during the last quarter. Finally, Montecito Bank & Trust bought a new stake in shares of SPDR S&P Bank ETF during the third quarter worth $504,000.

SPDR S&P Bank ETF Stock Performance

Shares of KBE opened at $61.51 on Wednesday. SPDR S&P Bank ETF has a 52 week low of $44.34 and a 52 week high of $67.75. The stock has a market capitalization of $1.48 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97. The stock has a fifty day moving average of $63.57 and a 200-day moving average of $60.79.

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).