Wharton Business Group LLC Has $22.50 Million Stock Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Wharton Business Group LLC decreased its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 0.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 425,346 shares of the exchange traded fund’s stock after selling 2,060 shares during the period. SPDR S&P Bank ETF comprises 1.0% of Wharton Business Group LLC’s portfolio, making the stock its 24th biggest position. Wharton Business Group LLC owned about 1.45% of SPDR S&P Bank ETF worth $22,497,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. US Bancorp DE increased its holdings in shares of SPDR S&P Bank ETF by 678.9% during the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 645 shares in the last quarter. Lynx Investment Advisory acquired a new stake in shares of SPDR S&P Bank ETF during the second quarter worth approximately $45,000. Fifth Third Bancorp increased its holdings in shares of SPDR S&P Bank ETF by 9.6% during the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock worth $117,000 after buying an additional 220 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new stake in shares of SPDR S&P Bank ETF during the second quarter worth approximately $134,000. Finally, Balentine LLC acquired a new stake in shares of SPDR S&P Bank ETF during the third quarter worth approximately $140,000.

SPDR S&P Bank ETF Trading Down 0.1 %

NYSEARCA KBE opened at $59.93 on Monday. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The company has a 50 day moving average of $54.45 and a 200-day moving average of $50.59. SPDR S&P Bank ETF has a 1-year low of $38.97 and a 1-year high of $61.87.

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.