Crescent Grove Advisors LLC Sells 188 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Crescent Grove Advisors LLC trimmed its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 3.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,966 shares of the exchange traded fund’s stock after selling 188 shares during the quarter. Crescent Grove Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $263,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Janney Capital Management LLC purchased a new position in shares of SPDR S&P Bank ETF in the third quarter valued at about $19,805,000. ProVise Management Group LLC lifted its holdings in SPDR S&P Bank ETF by 3.3% in the 2nd quarter. ProVise Management Group LLC now owns 190,879 shares of the exchange traded fund’s stock worth $8,855,000 after purchasing an additional 6,038 shares in the last quarter. SG Americas Securities LLC lifted its holdings in SPDR S&P Bank ETF by 0.4% in the 2nd quarter. SG Americas Securities LLC now owns 175,616 shares of the exchange traded fund’s stock worth $8,147,000 after purchasing an additional 734 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in SPDR S&P Bank ETF by 546.0% in the 1st quarter. BNP Paribas Financial Markets now owns 166,353 shares of the exchange traded fund’s stock worth $7,835,000 after purchasing an additional 140,601 shares during the period. Finally, Alaska Permanent Fund Corp grew its holdings in SPDR S&P Bank ETF by 45.7% during 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 buying an additional 48,000 shares in the last quarter.

SPDR S&P Bank ETF Stock Performance

KBE stock opened at $61.19 on Thursday. The company’s fifty day moving average price is $53.43 and its 200-day moving average price is $49.86. SPDR S&P Bank ETF has a one year low of $36.45 and a one year high of $61.24. The company has a market capitalization of $1.80 billion, a PE ratio of 7.86 and a beta of 1.42.

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.