Private Advisor Group LLC Decreases Stock Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Private Advisor Group LLC trimmed its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 0.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 34,577 shares of the exchange traded fund’s stock after selling 278 shares during the quarter. Private Advisor Group LLC’s holdings in SPDR S&P Bank ETF were worth $1,829,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Creative Planning lifted its position in shares of SPDR S&P Bank ETF by 3.3% during the second quarter. Creative Planning now owns 6,313 shares of the exchange traded fund’s stock valued at $293,000 after buying an additional 200 shares during the last quarter. Fifth Third Bancorp lifted its position 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 buying an additional 220 shares during the last quarter. Harbour Investments Inc. lifted its position in shares of SPDR S&P Bank ETF by 10.2% during the second quarter. Harbour Investments Inc. now owns 3,721 shares of the exchange traded fund’s stock valued at $173,000 after buying an additional 343 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of SPDR S&P Bank ETF by 0.4% during the second quarter. SG Americas Securities LLC now owns 175,616 shares of the exchange traded fund’s stock valued at $8,147,000 after buying an additional 734 shares during the last quarter. Finally, Vima LLC increased its holdings in shares of SPDR S&P Bank ETF by 7.0% during the first quarter. Vima LLC now owns 12,879 shares of the exchange traded fund’s stock valued at $607,000 after acquiring an additional 842 shares in the last quarter.

SPDR S&P Bank ETF Stock Up 0.8 %

KBE opened at $55.47 on Thursday. SPDR S&P Bank ETF has a 52-week low of $34.92 and a 52-week high of $56.41. The company has a market cap of $1.63 billion, a P/E ratio of 7.86 and a beta of 1.42. The firm’s 50-day moving average price is $53.14 and its 200-day moving average price is $49.44.

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.