Farther Finance Advisors LLC Cuts Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Farther Finance Advisors LLC cut its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 9.6% during the 4th quarter, Holdings Channel reports. The firm owned 3,300 shares of the exchange traded fund’s stock after selling 350 shares during the quarter. Farther Finance Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $183,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KBE. New Wave Wealth Advisors LLC purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $46,000. Jones Financial Companies Lllp boosted its holdings in 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 worth $49,000 after purchasing 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 Stock Performance

SPDR S&P Bank ETF stock opened at $53.67 on Thursday. SPDR S&P Bank ETF has a fifty-two week low of $42.77 and a fifty-two week high of $63.74. The stock has a market cap of $2.28 billion, a PE ratio of 12.60 and a beta of 1.14. The firm’s 50-day simple moving average is $56.58 and its 200 day simple moving average is $56.19.

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.