XML Financial LLC Has $255,000 Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

XML Financial LLC reduced its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 12.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,597 shares of the exchange traded fund’s stock after selling 670 shares during the quarter. XML Financial LLC’s holdings in SPDR S&P Bank ETF were worth $255,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. US Bancorp DE lifted its holdings in SPDR S&P Bank ETF by 678.9% during the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 645 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of SPDR S&P Bank ETF during the fourth quarter worth about $64,000. RPg Family Wealth Advisory LLC bought a new position in shares of SPDR S&P Bank ETF during the 3rd quarter valued at about $84,000. Wilmington Savings Fund Society FSB acquired a new position in shares of SPDR S&P Bank ETF in the 3rd quarter valued at approximately $88,000. Finally, Balentine LLC bought a new stake in SPDR S&P Bank ETF during the 3rd quarter worth approximately $140,000.

SPDR S&P Bank ETF Stock Performance

Shares of KBE opened at $57.81 on Friday. The firm has a market cap of $1.70 billion, a P/E ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a twelve month low of $42.13 and a twelve month high of $63.74. The firm’s 50 day moving average price is $58.12 and its two-hundred day moving average price is $54.67.

About SPDR S&P Bank ETF

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.