Ameriprise Financial Inc. Has $2.54 Million Stake in SPDR KBW Bank (KBE)

Ameriprise Financial Inc. reduced its stake in shares of SPDR KBW Bank (NYSE:KBE) by 1.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,652 shares of the exchange traded fund’s stock after selling 1,043 shares during the period. Ameriprise Financial Inc.’s holdings in SPDR KBW Bank were worth $2,542,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Symphony Asset Management LLC lifted its position in shares of SPDR KBW Bank by 30.8% during the 2nd quarter. Symphony Asset Management LLC now owns 598,060 shares of the exchange traded fund’s stock valued at $26,028,000 after buying an additional 140,900 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of SPDR KBW Bank by 71.2% during the 2nd quarter. Franklin Resources Inc. now owns 8,100 shares of the exchange traded fund’s stock valued at $353,000 after buying an additional 3,370 shares in the last quarter. Private Advisor Group LLC lifted its position in shares of SPDR KBW Bank by 33.2% during the 2nd quarter. Private Advisor Group LLC now owns 9,186 shares of the exchange traded fund’s stock valued at $404,000 after buying an additional 2,289 shares in the last quarter. Timber Hill LLC lifted its position in shares of SPDR KBW Bank by 6.4% during the 2nd quarter. Timber Hill LLC now owns 32,632 shares of the exchange traded fund’s stock valued at $1,420,000 after buying an additional 1,972 shares in the last quarter. Finally, Dimension Capital Management Partners purchased a new position in shares of SPDR KBW Bank during the 2nd quarter valued at about $489,000.

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Shares of SPDR KBW Bank (NYSE KBE) opened at 45.62 on Tuesday. The company’s 50-day moving average price is $44.36 and its 200 day moving average price is $43.11. SPDR KBW Bank has a 52 week low of $33.80 and a 52 week high of $46.99.

SPDR KBW Bank 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.

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Institutional Ownership by Quarter for SPDR KBW Bank (NYSE:KBE)

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