Evolution Wealth Advisors LLC Reduces Stock Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Evolution Wealth Advisors LLC decreased its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 0.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 186,258 shares of the exchange traded fund’s stock after selling 970 shares during the quarter. SPDR S&P Bank ETF comprises 1.7% of Evolution Wealth Advisors LLC’s portfolio, making the stock its 16th biggest holding. Evolution Wealth Advisors LLC owned about 0.54% of SPDR S&P Bank ETF worth $8,572,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of KBE. Tyler Stone Wealth Management purchased a new position in shares of SPDR S&P Bank ETF in the 2nd quarter worth approximately $29,000. Ancora Advisors LLC purchased a new position in shares of SPDR S&P Bank ETF in the 1st quarter worth approximately $33,000. Clear Street Markets LLC boosted its holdings in shares of SPDR S&P Bank ETF by 104.7% in the 4th quarter. Clear Street Markets LLC now owns 900 shares of the exchange traded fund’s stock worth $41,000 after purchasing an additional 20,000 shares during the period. NBC Securities Inc. purchased a new position in shares of SPDR S&P Bank ETF in the 3rd quarter worth approximately $46,000. Finally, Capital Investment Counsel Inc purchased a new position in shares of SPDR S&P Bank ETF in the 3rd quarter worth approximately $72,000.

SPDR S&P Bank ETF Stock Up 2.3 %

KBE traded up $1.01 during trading hours on Friday, reaching $44.41. 1,411,742 shares of the company’s stock traded hands, compared to its average volume of 2,416,234. The firm has a 50-day moving average price of $44.78 and a 200 day moving average price of $42.52. SPDR S&P Bank ETF has a 52-week low of $30.85 and a 52-week high of $47.39. The firm has a market capitalization of $1.36 billion, a PE ratio of 7.76 and a beta of 1.42.

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.