First Trust Advisors LP decreased its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 50.2% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,757 shares of the exchange traded fund’s stock after selling 16,890 shares during the period. First Trust Advisors LP’s holdings in SPDR S&P Bank ETF were worth $723,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake in shares of SPDR S&P Bank ETF by 311.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 600 shares of the exchange traded fund’s stock valued at $26,000 after purchasing an additional 454 shares during the period. Coastal Investment Advisors Inc. grew its stake in shares of SPDR S&P Bank ETF by 164.6% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 2,305 shares of the exchange traded fund’s stock valued at $100,000 after purchasing an additional 1,434 shares during the period. Global Trust Asset Management LLC bought a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter valued at approximately $117,000. Citizens Financial Group Inc RI grew its stake in shares of SPDR S&P Bank ETF by 14.1% in the 2nd quarter. Citizens Financial Group Inc RI now owns 3,162 shares of the exchange traded fund’s stock valued at $137,000 after purchasing an additional 390 shares during the period. Finally, HM Payson & Co. bought a new stake in shares of SPDR S&P Bank ETF in the 2nd quarter valued at approximately $173,000.
KBE stock opened at $45.92 on Tuesday. SPDR S&P Bank ETF has a 1-year low of $34.92 and a 1-year high of $46.83. The business’s 50 day moving average is $45.23 and its 200-day moving average is $43.24.
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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