Evolution Wealth Advisors LLC Sells 131,561 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Evolution Wealth Advisors LLC trimmed its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 70.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 54,697 shares of the exchange traded fund’s stock after selling 131,561 shares during the period. Evolution Wealth Advisors LLC owned about 0.18% of SPDR S&P Bank ETF worth $2,576,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mutual Advisors LLC increased its holdings in shares of SPDR S&P Bank ETF by 10.3% in the third quarter. Mutual Advisors LLC now owns 6,856 shares of the exchange traded fund’s stock worth $253,000 after acquiring an additional 641 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in SPDR S&P Bank ETF by 7,457.4% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,162 shares of the exchange traded fund’s stock worth $301,000 after purchasing an additional 8,054 shares during the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in SPDR S&P Bank ETF by 26.5% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 28,142 shares of the exchange traded fund’s stock worth $1,037,000 after purchasing an additional 5,900 shares during the last quarter. Baker Avenue Asset Management LP bought a new position in SPDR S&P Bank ETF during the 3rd quarter worth $1,526,000. Finally, Garde Capital Inc. bought a new position in SPDR S&P Bank ETF during the 3rd quarter worth $101,000.

SPDR S&P Bank ETF Price Performance

SPDR S&P Bank ETF stock traded down $0.63 during mid-day trading on Wednesday, reaching $46.13. 638,858 shares of the company were exchanged, compared to its average volume of 2,007,041. SPDR S&P Bank ETF has a 12 month low of $33.97 and a 12 month high of $48.32. The company has a fifty day simple moving average of $45.83 and a 200-day simple moving average of $45.30. The firm has a market cap of $1.35 billion, a PE ratio of 7.86 and a beta of 1.42.

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.