SPDR S&P Bank ETF (NYSEARCA:KBE) Holdings Trimmed by StrategIQ Financial Group LLC

StrategIQ Financial Group LLC cut its holdings in SPDR S&P Bank ETF (NYSEARCA:KBEFree Report) by 37.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 12,830 shares of the exchange traded fund’s stock after selling 7,603 shares during the quarter. StrategIQ Financial Group LLC’s holdings in SPDR S&P Bank ETF were worth $590,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Goldman Sachs Group Inc. boosted its holdings in shares of SPDR S&P Bank ETF by 1.1% in the second quarter. Goldman Sachs Group Inc. now owns 4,061,277 shares of the exchange traded fund’s stock worth $178,208,000 after buying an additional 44,091 shares during the period. Morgan Stanley lifted its position in shares of SPDR S&P Bank ETF by 48.5% in the 4th quarter. Morgan Stanley now owns 2,694,163 shares of the exchange traded fund’s stock valued at $121,641,000 after acquiring an additional 879,976 shares in the last quarter. Bank of America Corp DE lifted its position in shares of SPDR S&P Bank ETF by 646.4% in the 1st quarter. Bank of America Corp DE now owns 1,187,331 shares of the exchange traded fund’s stock valued at $44,014,000 after acquiring an additional 1,404,640 shares in the last quarter. Wharton Business Group LLC boosted its stake in SPDR S&P Bank ETF by 170.3% in the 3rd quarter. Wharton Business Group LLC now owns 439,481 shares of the exchange traded fund’s stock worth $16,195,000 after purchasing an additional 276,920 shares during the period. Finally, Itau Unibanco Holding S.A. grew its position in SPDR S&P Bank ETF by 1.4% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 405,154 shares of the exchange traded fund’s stock worth $14,930,000 after purchasing an additional 5,752 shares in the last quarter.

SPDR S&P Bank ETF Stock Up 0.5 %

Shares of SPDR S&P Bank ETF stock traded up $0.22 during midday trading on Wednesday, hitting $45.76. The company’s stock had a trading volume of 490,526 shares, compared to its average volume of 2,568,406. The firm has a market capitalization of $1.57 billion, a P/E ratio of 9.13 and a beta of 1.14. SPDR S&P Bank ETF has a 1-year low of $30.85 and a 1-year high of $47.39. The stock has a 50-day simple moving average of $44.84 and a 200-day simple moving average of $41.96.

About SPDR S&P Bank ETF

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSEARCA:KBE)

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