SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by Sandy Spring Bank

Sandy Spring Bank lowered its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,957 shares of the exchange traded fund’s stock after selling 1,990 shares during the period. Sandy Spring Bank’s holdings in SPDR S&P Bank ETF were worth $2,716,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in KBE. New Wave Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at $46,000. Jones Financial Companies Lllp boosted its stake in shares of SPDR S&P Bank ETF by 1,008.8% during the fourth quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock valued at $49,000 after acquiring an additional 807 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $51,000. Rialto Wealth Management LLC purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $51,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $64,000.

SPDR S&P Bank ETF Trading Down 0.5 %

NYSEARCA KBE opened at $53.39 on Friday. The business’s 50-day moving average price is $56.54 and its 200 day moving average price is $56.17. SPDR S&P Bank ETF has a twelve month low of $42.77 and a twelve month high of $63.74. The company has a market capitalization of $2.27 billion, a PE ratio of 12.60 and a beta of 1.14.

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.