Advisory Services Network LLC Has $655,000 Stock Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Advisory Services Network LLC cut its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 10.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,800 shares of the exchange traded fund’s stock after selling 1,381 shares during the quarter. Advisory Services Network LLC’s holdings in SPDR S&P Bank ETF were worth $655,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its position in SPDR S&P Bank ETF by 1,963.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,311,639 shares of the exchange traded fund’s stock valued at $128,227,000 after acquiring an additional 2,199,599 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of SPDR S&P Bank ETF by 290.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock valued at $64,900,000 after buying an additional 870,000 shares during the last quarter. Tlwm bought a new stake in SPDR S&P Bank ETF during the fourth quarter worth $17,871,000. Edmond DE Rothschild Holding S.A. purchased a new stake in SPDR S&P Bank ETF in the 4th quarter valued at $14,481,000. Finally, Madison Investment Advisors LLC purchased a new position in SPDR S&P Bank ETF during the 4th quarter worth $14,443,000.

SPDR S&P Bank ETF Stock Performance

NYSEARCA:KBE opened at $47.91 on Wednesday. SPDR S&P Bank ETF has a 52 week low of $42.77 and a 52 week high of $63.74. The firm has a 50-day moving average price of $53.44 and a two-hundred day moving average price of $55.84. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 12.58 and a beta of 0.99.

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.