SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by ProVise Management Group LLC

ProVise Management Group LLC cut its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 189,778 shares of the exchange traded fund’s stock after selling 5,952 shares during the quarter. ProVise Management Group LLC owned approximately 0.65% of SPDR S&P Bank ETF worth $10,527,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in KBE. US Bancorp DE raised its stake in shares of SPDR S&P Bank ETF by 678.9% during the 3rd 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. MAI Capital Management raised its stake in shares of SPDR S&P Bank ETF by 36.7% during the 3rd quarter. MAI Capital Management now owns 14,225 shares of the exchange traded fund’s stock worth $752,000 after buying an additional 3,821 shares during the period. Prospera Financial Services Inc acquired a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth approximately $1,207,000. Citigroup Inc. raised its stake in shares of SPDR S&P Bank ETF by 372.7% during the 3rd quarter. Citigroup Inc. now owns 1,339,899 shares of the exchange traded fund’s stock worth $70,867,000 after buying an additional 1,056,448 shares during the period. Finally, FMR LLC raised its stake in shares of SPDR S&P Bank ETF by 20.6% during the 3rd quarter. FMR LLC now owns 4,309 shares of the exchange traded fund’s stock worth $229,000 after buying an additional 736 shares during the period.

SPDR S&P Bank ETF Price Performance

Shares of KBE stock opened at $53.10 on Wednesday. SPDR S&P Bank ETF has a 1-year low of $42.77 and a 1-year high of $63.74. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 12.60 and a beta of 1.14. The stock has a 50 day simple moving average of $56.61 and a 200-day simple moving average of $56.20.

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.