Truist Financial Corp Sells 17,575 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Truist Financial Corp reduced its stake in SPDR S&P Bank ETF (NYSEARCA:KBEGet Rating) by 38.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,217 shares of the exchange traded fund’s stock after selling 17,575 shares during the quarter. Truist Financial Corp’s holdings in SPDR S&P Bank ETF were worth $1,249,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of SPDR S&P Bank ETF by 99.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 4,638,911 shares of the exchange traded fund’s stock worth $203,555,000 after purchasing an additional 2,315,330 shares during the last quarter. Bank of America Corp DE increased its stake in shares of SPDR S&P Bank ETF by 50.6% during the 1st quarter. Bank of America Corp DE now owns 1,982,922 shares of the exchange traded fund’s stock worth $103,807,000 after purchasing an additional 666,652 shares during the last quarter. Twin Tree Management LP increased its stake in shares of SPDR S&P Bank ETF by 160.1% during the 2nd quarter. Twin Tree Management LP now owns 196,906 shares of the exchange traded fund’s stock worth $8,640,000 after purchasing an additional 524,698 shares during the last quarter. Raymond James Financial Services Advisors Inc. increased its stake in shares of SPDR S&P Bank ETF by 624.9% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 389,243 shares of the exchange traded fund’s stock worth $17,240,000 after purchasing an additional 335,549 shares during the last quarter. Finally, Captrust Financial Advisors increased its stake in shares of SPDR S&P Bank ETF by 493.3% during the 2nd quarter. Captrust Financial Advisors now owns 300,870 shares of the exchange traded fund’s stock worth $13,202,000 after purchasing an additional 250,161 shares during the last quarter.

SPDR S&P Bank ETF Stock Down 0.2 %

Shares of KBE stock opened at $45.60 on Friday. The company has a 50-day simple moving average of $46.64 and a 200 day simple moving average of $47.12. SPDR S&P Bank ETF has a 52 week low of $42.57 and a 52 week high of $58.75.

SPDR S&P Bank ETF Company Profile

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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.

See Also

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Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSEARCA:KBE)

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