Heritage Wealth Advisors Trims Stock Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Heritage Wealth Advisors reduced its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,989 shares of the exchange traded fund’s stock after selling 615 shares during the quarter. Heritage Wealth Advisors’ holdings in SPDR S&P Bank ETF were worth $166,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. New Wave Wealth Advisors LLC acquired a new position in SPDR S&P Bank ETF in the 4th quarter valued at $46,000. Jones Financial Companies Lllp increased its stake in shares of SPDR S&P Bank ETF by 1,008.8% during the fourth quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 807 shares during the period. Heck Capital Advisors LLC purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $51,000. Rialto Wealth Management LLC purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $51,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR S&P Bank ETF in the 4th quarter valued at approximately $64,000.

SPDR S&P Bank ETF Trading Down 0.1 %

Shares of KBE stock opened at $54.25 on Wednesday. The stock has a 50 day simple moving average of $56.50 and a 200-day simple moving average of $56.25. The company has a market cap of $2.30 billion, a price-to-earnings ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a 12-month low of $42.77 and a 12-month high of $63.74.

SPDR S&P Bank ETF Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th will be given a dividend of $0.3774 per share. The ex-dividend date is Monday, March 24th.

About SPDR S&P Bank ETF

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.