SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by Captrust Financial Advisors

Captrust Financial Advisors trimmed its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 19.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 116,224 shares of the exchange traded fund’s stock after selling 27,253 shares during the quarter. Captrust Financial Advisors’ holdings in SPDR S&P Bank ETF were worth $6,447,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sanctuary Advisors LLC lifted its position in SPDR S&P Bank ETF by 12.3% during the fourth quarter. Sanctuary Advisors LLC now owns 6,274 shares of the exchange traded fund’s stock worth $371,000 after buying an additional 688 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of SPDR S&P Bank ETF by 1.6% in the fourth quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock worth $985,000 after buying an additional 278 shares during the period. Truist Financial Corp boosted its holdings in SPDR S&P Bank ETF by 7.0% in the 4th quarter. Truist Financial Corp now owns 9,972 shares of the exchange traded fund’s stock worth $553,000 after acquiring an additional 649 shares during the period. Steward Partners Investment Advisory LLC grew its holdings in SPDR S&P Bank ETF by 43.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,655 shares of the exchange traded fund’s stock valued at $702,000 after purchasing an additional 3,815 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at about $11,709,000.

SPDR S&P Bank ETF Stock Up 2.0 %

KBE stock opened at $52.91 on Friday. The stock’s 50 day moving average is $50.90 and its two-hundred day moving average is $55.46. The company has a market capitalization of $1.56 billion, a PE ratio of 11.56 and a beta of 0.99. SPDR S&P Bank ETF has a 52-week low of $43.64 and a 52-week high of $63.74.

SPDR S&P Bank ETF 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.