Transcendent Capital Group LLC Has $27,000 Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

Transcendent Capital Group LLC lowered its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 98.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 480 shares of the exchange traded fund’s stock after selling 30,916 shares during the period. Transcendent Capital Group LLC’s holdings in SPDR S&P Bank ETF were worth $27,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. US Bancorp DE boosted its stake in shares of SPDR S&P Bank ETF by 678.9% in the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 645 shares during the last quarter. New Wave Wealth Advisors LLC bought a new position in SPDR S&P Bank ETF in the fourth quarter valued at approximately $46,000. Heck Capital Advisors LLC bought a new position in SPDR S&P Bank ETF in the fourth quarter valued at approximately $51,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR S&P Bank ETF during the 4th quarter worth $64,000. Finally, RPg Family Wealth Advisory LLC bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter valued at $84,000.

SPDR S&P Bank ETF Stock Up 0.2 %

KBE stock opened at $56.29 on Wednesday. SPDR S&P Bank ETF has a twelve month low of $42.77 and a twelve month high of $63.74. The business’s fifty day moving average is $57.15 and its 200-day moving average is $55.92. The company has a market cap of $2.66 billion, a P/E ratio of 13.73 and a beta of 1.15.

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.