Wells Fargo & Company MN reduced its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 8.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 261,222 shares of the exchange traded fund’s stock after selling 24,142 shares during the quarter. Wells Fargo & Company MN owned about 0.69% of SPDR S&P Bank ETF worth $7,043,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Marshall Wace LLP bought a new position in SPDR S&P Bank ETF in the 1st quarter worth about $222,000. Envestnet Asset Management Inc. increased its stake in shares of SPDR S&P Bank ETF by 4.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 21,406 shares of the exchange traded fund’s stock valued at $1,012,000 after buying an additional 991 shares during the period. Raymond James Financial Services Advisors Inc. boosted its holdings in SPDR S&P Bank ETF by 14.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 22,494 shares of the exchange traded fund’s stock valued at $1,064,000 after acquiring an additional 2,758 shares in the last quarter. Greenwood Capital Associates LLC purchased a new position in SPDR S&P Bank ETF during the 4th quarter valued at $2,587,000. Finally, Twin Focus Capital Partners LLC bought a new position in SPDR S&P Bank ETF in the 4th quarter worth $206,000.
NYSEARCA KBE opened at $30.78 on Wednesday. The stock’s 50 day moving average is $31.38 and its 200 day moving average is $36.61. SPDR S&P Bank ETF has a twelve month low of $22.56 and a twelve month high of $48.17.
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.
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