SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by IFP Advisors Inc

IFP Advisors Inc trimmed its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Get Rating) by 32.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,763 shares of the exchange traded fund’s stock after selling 3,179 shares during the quarter. IFP Advisors Inc’s holdings in SPDR S&P Bank ETF were worth $335,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Synovus Financial Corp raised its position in SPDR S&P Bank ETF by 45.0% in the first quarter. Synovus Financial Corp now owns 12,347 shares of the exchange traded fund’s stock valued at $646,000 after purchasing an additional 3,831 shares during the period. Vontobel Holding Ltd. acquired a new position in SPDR S&P Bank ETF during the 1st quarter worth about $304,000. Allianz Asset Management GmbH purchased a new position in SPDR S&P Bank ETF during the 1st quarter valued at about $182,000. Baird Financial Group Inc. grew its position in SPDR S&P Bank ETF by 1.4% in the 1st quarter. Baird Financial Group Inc. now owns 19,273 shares of the exchange traded fund’s stock valued at $1,009,000 after acquiring an additional 274 shares in the last quarter. Finally, Loomis Sayles & Co. L P purchased a new stake in SPDR S&P Bank ETF during the first quarter worth about $391,000.

SPDR S&P Bank ETF Stock Down 0.5 %

Shares of KBE opened at $33.09 on Wednesday. The company has a market cap of $1.26 billion, a P/E ratio of 9.13 and a beta of 1.14. SPDR S&P Bank ETF has a fifty-two week low of $30.85 and a fifty-two week high of $52.53. The firm’s 50 day moving average price is $37.95 and its 200 day moving average price is $44.12.

About SPDR S&P Bank ETF

(Get Rating)

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.