Oppenheimer & Co. Inc. reduced its holdings in SPDR KBW Bank (NYSE:KBE) by 49.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 14,754 shares of the exchange traded fund’s stock after selling 14,722 shares during the period. Oppenheimer & Co. Inc.’s holdings in SPDR KBW Bank were worth $642,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of KBE. SG Americas Securities LLC increased its stake in SPDR KBW Bank by 113.2% in the 2nd quarter. SG Americas Securities LLC now owns 83,004 shares of the exchange traded fund’s stock valued at $3,612,000 after buying an additional 713,761 shares during the last quarter. Meritage Portfolio Management acquired a new stake in SPDR KBW Bank in the 2nd quarter valued at $6,219,000. Seatown Holdings Pte. Ltd. increased its stake in SPDR KBW Bank by 76.7% in the 2nd quarter. Seatown Holdings Pte. Ltd. now owns 299,442 shares of the exchange traded fund’s stock valued at $13,032,000 after buying an additional 130,000 shares during the last quarter. Lockheed Martin Investment Management Co. acquired a new stake in SPDR KBW Bank in the 2nd quarter valued at $4,983,000. Finally, Broadmark Asset Management LLC acquired a new stake in SPDR KBW Bank in the 2nd quarter valued at $1,411,000.
Shares of SPDR KBW Bank (NYSE:KBE) opened at 42.11 on Wednesday. The firm has a 50-day moving average of $42.32 and a 200 day moving average of $42.90. SPDR KBW Bank has a 52 week low of $32.50 and a 52 week high of $47.00.
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SPDR KBW Bank 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.
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