SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by Exchange Capital Management Inc.

Exchange Capital Management Inc. cut its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 5.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,428 shares of the exchange traded fund’s stock after selling 460 shares during the period. Exchange Capital Management Inc.’s holdings in SPDR S&P Bank ETF were worth $412,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Institute for Wealth Management LLC. raised its position in shares of SPDR S&P Bank ETF by 4.3% during the 4th quarter. Institute for Wealth Management LLC. now owns 4,606 shares of the exchange traded fund’s stock worth $255,000 after purchasing an additional 189 shares during the last quarter. Janney Montgomery Scott LLC raised its position in shares of SPDR S&P Bank ETF by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock worth $985,000 after purchasing an additional 278 shares during the last quarter. IFP Advisors Inc raised its position in shares of SPDR S&P Bank ETF by 6.4% during the 4th quarter. IFP Advisors Inc now owns 5,000 shares of the exchange traded fund’s stock worth $277,000 after purchasing an additional 300 shares during the last quarter. Private Advisor Group LLC raised its position in shares of SPDR S&P Bank ETF by 1.5% during the 4th quarter. Private Advisor Group LLC now owns 35,106 shares of the exchange traded fund’s stock worth $1,947,000 after purchasing an additional 529 shares during the last quarter. Finally, Magnus Financial Group LLC raised its holdings in SPDR S&P Bank ETF by 13.6% in the 4th quarter. Magnus Financial Group LLC now owns 5,166 shares of the exchange traded fund’s stock valued at $287,000 after acquiring an additional 619 shares during the last quarter.

SPDR S&P Bank ETF Trading Up 0.2 %

KBE stock opened at $56.29 on Wednesday. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 13.73 and a beta of 1.15. SPDR S&P Bank ETF has a 12 month low of $42.77 and a 12 month high of $63.74. The firm has a 50-day moving average of $57.15 and a two-hundred day moving average of $55.92.

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.