SPDR S&P Bank ETF (NYSEARCA:KBE) Position Lessened by Koshinski Asset Management Inc.

Koshinski Asset Management Inc. decreased its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 50.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,476 shares of the exchange traded fund’s stock after selling 5,620 shares during the period. Koshinski Asset Management Inc.’s holdings in SPDR S&P Bank ETF were worth $258,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. CWM LLC increased its position in SPDR S&P Bank ETF by 34.7% in the 4th quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock valued at $59,000 after acquiring an additional 333 shares during the period. Capital Investment Counsel Inc increased its position in SPDR S&P Bank ETF by 25.0% in the 4th quarter. Capital Investment Counsel Inc now owns 2,428 shares of the exchange traded fund’s stock valued at $112,000 after acquiring an additional 486 shares during the period. BKM Wealth Management LLC acquired a new stake in SPDR S&P Bank ETF in the 4th quarter valued at approximately $118,000. Clear Street Markets LLC acquired a new stake in SPDR S&P Bank ETF in the 4th quarter valued at approximately $129,000. Finally, Centaurus Financial Inc. acquired a new position in shares of SPDR S&P Bank ETF during the 4th quarter valued at $141,000.

SPDR S&P Bank ETF Stock Performance

Shares of KBE stock traded up $0.27 during mid-day trading on Friday, hitting $52.23. 260,263 shares of the stock traded hands, compared to its average volume of 2,066,592. SPDR S&P Bank ETF has a twelve month low of $33.97 and a twelve month high of $53.57. The firm has a market cap of $1.53 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The company’s 50-day simple moving average is $46.43 and its 200-day simple moving average is $45.51.

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.