Sage Advisory Services Ltd.Co. trimmed its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) by 10.3% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 70,710 shares of the exchange traded fund’s stock after selling 8,111 shares during the quarter. SPDR S&P Bank ETF accounts for about 2.4% of Sage Advisory Services Ltd.Co.’s investment portfolio, making the stock its 13th biggest position. Sage Advisory Services Ltd.Co.’s holdings in SPDR S&P Bank ETF were worth $4,470,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KBE. Bank of New York Mellon Corp grew its position in shares of SPDR S&P Bank ETF by 65.7% in the 1st quarter. Bank of New York Mellon Corp now owns 281,665 shares of the exchange traded fund’s stock worth $16,773,000 after acquiring an additional 111,649 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in SPDR S&P Bank ETF by 60.7% in the second quarter. Envestnet Asset Management Inc. now owns 190,106 shares of the exchange traded fund’s stock worth $12,969,000 after purchasing an additional 71,772 shares during the period. MRA Advisory Group increased its stake in SPDR S&P Bank ETF by 4.9% during the second quarter. MRA Advisory Group now owns 112,634 shares of the exchange traded fund’s stock valued at $7,684,000 after purchasing an additional 5,234 shares during the last quarter. Quantitative Investment Management LLC bought a new stake in SPDR S&P Bank ETF during the second quarter valued at $4,791,000. Finally, Cetera Investment Advisers raised its holdings in shares of SPDR S&P Bank ETF by 7.6% during the first quarter. Cetera Investment Advisers now owns 50,312 shares of the exchange traded fund’s stock worth $2,996,000 after purchasing an additional 3,566 shares during the period.
SPDR S&P Bank ETF Stock Performance
KBE stock opened at $65.70 on Monday. The stock’s fifty day moving average is $65.88 and its two-hundred day moving average is $65.04. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92. SPDR S&P Bank ETF has a 1 year low of $54.85 and a 1 year high of $71.92.
About SPDR S&P Bank ETF
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