Sage Advisory Services Ltd.Co. lessened its stake in SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) by 10.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 70,710 shares of the exchange traded fund’s stock after selling 8,111 shares during the quarter. SPDR S&P Bank ETF makes up about 2.4% of Sage Advisory Services Ltd.Co.’s portfolio, making the stock its 13th biggest holding. Sage Advisory Services Ltd.Co. owned 0.32% of SPDR S&P Bank ETF worth $4,470,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently added to or reduced their stakes in the company. CX Institutional acquired a new position in SPDR S&P Bank ETF in the 3rd quarter valued at about $28,000. Valley National Advisers Inc. acquired a new position in shares of SPDR S&P Bank ETF in the 3rd quarter valued at $33,000. Timbuktu Capital Management LLC purchased a new stake in SPDR S&P Bank ETF in the 2nd quarter valued at about $41,000. Ameritas Advisory Services LLC purchased a new position in SPDR S&P Bank ETF during the second quarter worth about $44,000. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P Bank ETF in the 3rd quarter worth approximately $53,000.
SPDR S&P Bank ETF Stock Performance
NYSEARCA:KBE opened at $65.70 on Monday. The stock has a fifty day moving average price of $65.88 and a 200 day moving average price of $65.04. The firm has a market cap of $1.49 billion, a PE ratio of 12.60 and a beta of 0.92. SPDR S&P Bank ETF has a 12-month low of $54.85 and a 12-month high of $71.92.
SPDR S&P Bank ETF Company Profile
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