Toth Financial Advisory Corp Sells 3,600 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Toth Financial Advisory Corp decreased its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 68.1% in the third quarter, HoldingsChannel.com reports. The fund owned 1,690 shares of the exchange traded fund’s stock after selling 3,600 shares during the period. Toth Financial Advisory Corp’s holdings in SPDR S&P Bank ETF were worth $89,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. ProVise Management Group LLC lifted its position in shares of SPDR S&P Bank ETF by 3.3% in the 2nd quarter. ProVise Management Group LLC now owns 190,879 shares of the exchange traded fund’s stock worth $8,855,000 after purchasing an additional 6,038 shares during the period. SG Americas Securities LLC boosted its position in SPDR S&P Bank ETF by 0.4% during the 2nd quarter. SG Americas Securities LLC now owns 175,616 shares of the exchange traded fund’s stock valued at $8,147,000 after acquiring an additional 734 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of SPDR S&P Bank ETF by 546.0% during the 1st quarter. BNP Paribas Financial Markets now owns 166,353 shares of the exchange traded fund’s stock worth $7,835,000 after acquiring an additional 140,601 shares during the period. Envestnet Asset Management Inc. raised its position in shares of SPDR S&P Bank ETF by 92.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock worth $4,244,000 after acquiring an additional 44,020 shares in the last quarter. Finally, Raymond James & Associates lifted its stake in shares of SPDR S&P Bank ETF by 4.2% in the 3rd quarter. Raymond James & Associates now owns 51,072 shares of the exchange traded fund’s stock valued at $2,701,000 after purchasing an additional 2,044 shares during the period.

SPDR S&P Bank ETF Stock Down 2.8 %

NYSEARCA KBE opened at $54.04 on Tuesday. The firm has a market capitalization of $1.59 billion, a PE ratio of 7.86 and a beta of 1.42. The stock’s 50 day moving average is $52.56 and its 200 day moving average is $48.99. SPDR S&P Bank ETF has a twelve month low of $33.97 and a twelve month high of $56.41.

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.