Evolution Wealth Advisors LLC Cuts Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

Evolution Wealth Advisors LLC lessened its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 1.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 53,387 shares of the exchange traded fund’s stock after selling 620 shares during the period. Evolution Wealth Advisors LLC owned approximately 0.18% of SPDR S&P Bank ETF worth $2,824,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in KBE. Janney Capital Management LLC purchased a new stake in SPDR S&P Bank ETF in the third quarter valued at about $19,805,000. Baker Avenue Asset Management LP purchased a new position in shares of SPDR S&P Bank ETF in the 3rd quarter valued at approximately $2,822,000. Alaska Permanent Fund Corp raised its position in shares of SPDR S&P Bank ETF by 45.7% in the 3rd quarter. Alaska Permanent Fund Corp now owns 153,000 shares of the exchange traded fund’s stock valued at $8,092,000 after purchasing an additional 48,000 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in SPDR S&P Bank ETF by 92.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock worth $4,244,000 after purchasing an additional 44,020 shares in the last quarter. Finally, Retireful LLC purchased a new stake in SPDR S&P Bank ETF during the 2nd quarter worth approximately $1,770,000.

SPDR S&P Bank ETF Trading Up 0.1 %

NYSEARCA KBE opened at $59.96 on Friday. The stock has a market cap of $1.76 billion, a P/E ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 12-month low of $38.97 and a 12-month high of $61.87. The company has a fifty day simple moving average of $54.27 and a two-hundred day simple moving average of $50.44.

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.