First Capital Advisors Group LLC. lessened its position in shares of SPDR KBW Bank (NYSE:KBE) by 42.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,897 shares of the exchange traded fund’s stock after selling 8,164 shares during the quarter. First Capital Advisors Group LLC.’s holdings in SPDR KBW Bank were worth $491,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its holdings in SPDR KBW Bank by 54.7% during the 2nd quarter. Advisory Services Network LLC now owns 2,742 shares of the exchange traded fund’s stock valued at $119,000 after buying an additional 969 shares in the last quarter. Benjamin F. Edwards & Company Inc. grew its holdings in SPDR KBW Bank by 1.1% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,138 shares of the exchange traded fund’s stock valued at $180,000 after buying an additional 47 shares in the last quarter. IFP Advisors Inc grew its holdings in SPDR KBW Bank by 57.3% during the 2nd quarter. IFP Advisors Inc now owns 4,577 shares of the exchange traded fund’s stock valued at $199,000 after buying an additional 1,667 shares in the last quarter. Boston Advisors LLC purchased a new position in SPDR KBW Bank during the 3rd quarter valued at approximately $210,000. Finally, FMR LLC purchased a new position in SPDR KBW Bank during the 2nd quarter valued at approximately $262,000.
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SPDR KBW Bank (KBE) traded down $0.14 during midday trading on Friday, reaching $45.67. The company’s stock had a trading volume of 1,555,559 shares. SPDR KBW Bank has a fifty-two week low of $33.80 and a fifty-two week high of $46.99.
SPDR KBW Bank 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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