SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC lowered its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 8.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,014 shares of the exchange traded fund’s stock after selling 3,616 shares during the quarter. Integrated Wealth Concepts LLC owned approximately 0.13% of SPDR S&P Bank ETF worth $1,958,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Fifth Third Bancorp boosted its position in SPDR S&P Bank ETF by 9.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 220 shares during the period. Private Advisor Group LLC raised its stake in SPDR S&P Bank ETF by 3.7% during the 2nd quarter. Private Advisor Group LLC now owns 34,855 shares of the exchange traded fund’s stock valued at $1,617,000 after acquiring an additional 1,241 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in SPDR S&P Bank ETF by 14.8% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 5,968 shares of the exchange traded fund’s stock valued at $316,000 after acquiring an additional 769 shares in the last quarter. Essex Financial Services Inc. bought a new stake in SPDR S&P Bank ETF during the 2nd quarter valued at $241,000. Finally, SG Americas Securities LLC raised its stake in SPDR S&P Bank ETF by 0.4% during the 2nd quarter. SG Americas Securities LLC now owns 175,616 shares of the exchange traded fund’s stock valued at $8,147,000 after acquiring an additional 734 shares in the last quarter.

SPDR S&P Bank ETF Price Performance

Shares of SPDR S&P Bank ETF stock opened at $60.78 on Friday. The business’s fifty day moving average price is $57.05 and its two-hundred day moving average price is $52.03. The company has a market capitalization of $1.78 billion, a P/E ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 1-year low of $42.02 and a 1-year high of $63.74.

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.