Madison Asset Management LLC cut its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) by 17.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 335,931 shares of the exchange traded fund’s stock after selling 70,132 shares during the quarter. Madison Asset Management LLC owned 1.44% of SPDR S&P Bank ETF worth $20,005,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of KBE. MWA Asset Management acquired a new stake in shares of SPDR S&P Bank ETF during the 1st quarter worth approximately $56,000. Hanover Advisors Inc. lifted its position in shares of SPDR S&P Bank ETF by 8.9% during the 1st quarter. Hanover Advisors Inc. now owns 10,009 shares of the exchange traded fund’s stock valued at $596,000 after acquiring an additional 818 shares during the period. Assetmark Inc. lifted its position in shares of SPDR S&P Bank ETF by 21.3% during the 1st quarter. Assetmark Inc. now owns 4,771 shares of the exchange traded fund’s stock valued at $284,000 after acquiring an additional 839 shares during the period. Vectors Research Management LLC lifted its position in shares of SPDR S&P Bank ETF by 3.6% during the 1st quarter. Vectors Research Management LLC now owns 11,490 shares of the exchange traded fund’s stock valued at $684,000 after acquiring an additional 400 shares during the period. Finally, Wealthfront Advisers LLC boosted its stake in SPDR S&P Bank ETF by 35.2% during the first quarter. Wealthfront Advisers LLC now owns 9,238 shares of the exchange traded fund’s stock worth $550,000 after acquiring an additional 2,403 shares in the last quarter.
SPDR S&P Bank ETF Trading Down 1.1%
NYSEARCA:KBE opened at $69.49 on Tuesday. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of 12.60 and a beta of 0.89. The firm has a fifty day simple moving average of $65.90 and a two-hundred day simple moving average of $63.71. SPDR S&P Bank ETF has a 12 month low of $54.42 and a 12 month high of $71.42.
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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).
Featured Stories
- Five stocks we like better than SPDR S&P Bank ETF
- The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence
- Is Domino’s Stock Serving Up a Buying Opportunity?
- A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free
- Why Gold Miners Could Be the Market’s Biggest Comeback Story
Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report).
Receive News & Ratings for SPDR S&P Bank ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Bank ETF and related companies with MarketBeat.com's FREE daily email newsletter.
