Thrivent Financial for Lutherans Has $602,000 Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

Thrivent Financial for Lutherans cut its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Get Rating) by 96.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 13,333 shares of the exchange traded fund’s stock after selling 322,925 shares during the quarter. Thrivent Financial for Lutherans’ holdings in SPDR S&P Bank ETF were worth $602,000 as of its most recent SEC filing.

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

SPDR S&P Bank ETF Trading Down 0.7 %

Shares of KBE opened at $34.63 on Friday. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 9.13 and a beta of 1.14. The stock has a 50 day moving average of $35.56 and a 200 day moving average of $43.00. SPDR S&P Bank ETF has a 12 month low of $30.85 and a 12 month high of $52.53.

SPDR S&P Bank ETF 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.