Aspen Grove Capital LLC Has $353,000 Stock Holdings in SPDR S&P Bank ETF $KBE

Aspen Grove Capital LLC lessened its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 77.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,935 shares of the exchange traded fund’s stock after selling 19,985 shares during the quarter. Aspen Grove Capital LLC’s holdings in SPDR S&P Bank ETF were worth $353,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of KBE. Duquesne Family Office LLC bought a new position in shares of SPDR S&P Bank ETF in the third quarter worth about $28,646,000. Royal Bank of Canada boosted its stake in shares of SPDR S&P Bank ETF by 262.0% in the 4th quarter. Royal Bank of Canada now owns 463,143 shares of the exchange traded fund’s stock valued at $28,109,000 after purchasing an additional 335,194 shares in the last quarter. Janney Montgomery Scott LLC grew its holdings in shares of SPDR S&P Bank ETF by 1,944.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 334,848 shares of the exchange traded fund’s stock valued at $19,940,000 after purchasing an additional 318,467 shares during the last quarter. Two Sigma Investments LP increased its holdings in SPDR S&P Bank ETF by 13.8% in the 3rd quarter. Two Sigma Investments LP now owns 2,030,440 shares of the exchange traded fund’s stock worth $120,649,000 after purchasing an additional 246,600 shares in the last quarter. Finally, Agave Capital Management Ltd bought a new position in SPDR S&P Bank ETF in the 4th quarter valued at approximately $7,112,000.

SPDR S&P Bank ETF Price Performance

SPDR S&P Bank ETF stock opened at $68.77 on Friday. SPDR S&P Bank ETF has a one year low of $54.42 and a one year high of $71.42. The stock’s 50 day moving average is $66.32 and its 200 day moving average is $63.89. The firm has a market cap of $1.64 billion, a P/E ratio of 12.60 and a beta of 0.89.

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).