Janney Capital Management LLC Sells 13,755 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Janney Capital Management LLC reduced its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 3.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 360,697 shares of the exchange traded fund’s stock after selling 13,755 shares during the quarter. SPDR S&P Bank ETF accounts for about 1.3% of Janney Capital Management LLC’s investment portfolio, making the stock its 13th largest holding. Janney Capital Management LLC owned about 1.23% of SPDR S&P Bank ETF worth $20,008,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE boosted its position 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 during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in SPDR S&P Bank ETF in the 4th quarter valued at approximately $64,000. RPg Family Wealth Advisory LLC acquired a new position in SPDR S&P Bank ETF during the 3rd quarter worth approximately $84,000. Wilmington Savings Fund Society FSB acquired a new position in SPDR S&P Bank ETF during the 3rd quarter worth approximately $88,000. Finally, Balentine LLC acquired a new position in SPDR S&P Bank ETF during the 3rd quarter worth approximately $140,000.

SPDR S&P Bank ETF Trading Down 0.5 %

Shares of KBE opened at $58.19 on Wednesday. SPDR S&P Bank ETF has a 12 month low of $42.13 and a 12 month high of $63.74. The firm has a fifty day simple moving average of $58.21 and a 200 day simple moving average of $54.55. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

SPDR S&P Bank ETF 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.