SPDR S&P Bank ETF (NYSEARCA:KBE) Stake Reduced by DRW Securities LLC

DRW Securities LLC decreased its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 6.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 70,000 shares of the exchange traded fund’s stock after selling 5,000 shares during the period. DRW Securities LLC’s holdings in SPDR S&P Bank ETF were worth $3,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. IPG Investment Advisors LLC bought a new stake in SPDR S&P Bank ETF during the fourth quarter worth approximately $920,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth $242,000. Belpointe Asset Management LLC acquired a new position in shares of SPDR S&P Bank ETF in the 4th quarter worth $248,000. Advisory Services Network LLC raised its position in shares of SPDR S&P Bank ETF by 34.0% during the fourth quarter. Advisory Services Network LLC now owns 10,179 shares of the exchange traded fund’s stock worth $468,000 after purchasing an additional 2,582 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in shares of SPDR S&P Bank ETF by 9.6% during the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 220 shares during the last quarter.

SPDR S&P Bank ETF Trading Down 1.6 %

Shares of KBE opened at $53.72 on Friday. The business’s 50-day moving average price is $51.92 and its 200 day moving average price is $47.84. The stock has a market capitalization of $1.58 billion, a P/E ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 1-year low of $33.97 and a 1-year high of $55.04.

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.