Group One Trading LLC Has $803,000 Stock Position in SPDR S&P Bank ETF $KBE

Group One Trading LLC reduced its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 46.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,489 shares of the exchange traded fund’s stock after selling 11,502 shares during the quarter. Group One Trading LLC’s holdings in SPDR S&P Bank ETF were worth $803,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. FWL Investment Management LLC bought a new stake in shares of SPDR S&P Bank ETF in the third quarter worth $32,000. Advocate Investing Services LLC acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth $43,000. Camelot Portfolios LLC acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth $50,000. MWA Asset Management bought a new position in SPDR S&P Bank ETF in the first quarter valued at $56,000. Finally, EFG International AG bought a new position in SPDR S&P Bank ETF in the fourth quarter valued at $76,000.

SPDR S&P Bank ETF Trading Down 0.3%

Shares of KBE stock opened at $69.33 on Thursday. SPDR S&P Bank ETF has a 1 year low of $54.42 and a 1 year high of $71.42. The firm’s fifty day moving average price is $66.19 and its two-hundred day moving average price is $63.83. The firm has a market capitalization of $1.66 billion, a P/E ratio of 12.60 and a beta of 0.89.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).