Captrust Financial Advisors Cuts Stock Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Captrust Financial Advisors decreased its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 19.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 116,224 shares of the exchange traded fund’s stock after selling 27,253 shares during the quarter. Captrust Financial Advisors owned 0.40% of SPDR S&P Bank ETF worth $6,447,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in KBE. Castlekeep Investment Advisors LLC acquired a new position in shares of SPDR S&P Bank ETF during the fourth quarter worth $261,072,000. JPMorgan Chase & Co. grew its stake in shares of SPDR S&P Bank ETF by 1,963.2% in the 4th quarter. JPMorgan Chase & Co. now owns 2,311,639 shares of the exchange traded fund’s stock valued at $128,227,000 after purchasing an additional 2,199,599 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its stake in SPDR S&P Bank ETF by 290.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock valued at $64,900,000 after buying an additional 870,000 shares during the period. LPL Financial LLC increased its stake in shares of SPDR S&P Bank ETF by 59.0% during the fourth quarter. LPL Financial LLC now owns 376,691 shares of the exchange traded fund’s stock worth $20,895,000 after acquiring an additional 139,740 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in SPDR S&P Bank ETF by 0.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 364,031 shares of the exchange traded fund’s stock worth $20,193,000 after purchasing an additional 1,921 shares during the period.

SPDR S&P Bank ETF Stock Performance

NYSEARCA:KBE opened at $52.91 on Friday. The stock has a fifty day moving average price of $50.90 and a two-hundred day moving average price of $55.46. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 11.56 and a beta of 0.99. SPDR S&P Bank ETF has a 1 year low of $43.64 and a 1 year high of $63.74.

SPDR S&P Bank ETF 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.