Bank of Montreal Can Cuts Stock Position in SPDR S&P Bank ETF $KBE

Bank of Montreal Can cut its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 8.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 173,162 shares of the exchange traded fund’s stock after selling 15,189 shares during the quarter. Bank of Montreal Can owned 0.62% of SPDR S&P Bank ETF worth $9,656,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in shares of SPDR S&P Bank ETF by 2.2% in the first quarter. Envestnet Asset Management Inc. now owns 23,483 shares of the exchange traded fund’s stock valued at $1,244,000 after acquiring an additional 504 shares in the last quarter. Castlekeep Investment Advisors LLC raised its holdings in SPDR S&P Bank ETF by 94.5% during the first quarter. Castlekeep Investment Advisors LLC now owns 180,611 shares of the exchange traded fund’s stock worth $9,565,000 after purchasing an additional 87,762 shares in the last quarter. Madison Asset Management LLC lifted its position in SPDR S&P Bank ETF by 52.8% in the first quarter. Madison Asset Management LLC now owns 397,809 shares of the exchange traded fund’s stock valued at $21,068,000 after purchasing an additional 137,441 shares during the period. Arlington Capital Management Inc. acquired a new stake in SPDR S&P Bank ETF in the first quarter valued at about $1,491,000. Finally, Avantax Advisory Services Inc. boosted its holdings in SPDR S&P Bank ETF by 10.8% in the 1st quarter. Avantax Advisory Services Inc. now owns 9,688 shares of the exchange traded fund’s stock valued at $513,000 after purchasing an additional 942 shares in the last quarter.

SPDR S&P Bank ETF Stock Performance

NYSEARCA:KBE opened at $57.45 on Monday. SPDR S&P Bank ETF has a 1 year low of $44.34 and a 1 year high of $63.74. The stock has a fifty day moving average price of $58.93 and a two-hundred day moving average price of $56.79. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97.

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.