Madison Asset Management LLC Sells 70,132 Shares of SPDR S&P Bank ETF $KBE

Madison Asset Management LLC lessened its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 17.3% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 335,931 shares of the exchange traded fund’s stock after selling 70,132 shares during the period. Madison Asset Management LLC’s holdings in SPDR S&P Bank ETF were worth $20,005,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Jones Financial Companies Lllp lifted its holdings in shares of SPDR S&P Bank ETF by 731.0% in the 1st quarter. Jones Financial Companies Lllp now owns 7,371 shares of the exchange traded fund’s stock worth $390,000 after purchasing an additional 6,484 shares in the last quarter. First Trust Advisors LP grew its position in SPDR S&P Bank ETF by 5.0% in the 2nd quarter. First Trust Advisors LP now owns 44,631 shares of the exchange traded fund’s stock valued at $2,489,000 after purchasing an additional 2,126 shares during the period. Raymond James Financial Inc. increased its stake in SPDR S&P Bank ETF by 4.9% during the 2nd quarter. Raymond James Financial Inc. now owns 242,125 shares of the exchange traded fund’s stock valued at $13,501,000 after purchasing an additional 11,301 shares in the last quarter. Lighthouse Investment Partners LLC acquired a new position in SPDR S&P Bank ETF during the second quarter worth $548,000. Finally, Curi Capital LLC raised its holdings in SPDR S&P Bank ETF by 6.5% during the second quarter. Curi Capital LLC now owns 15,536 shares of the exchange traded fund’s stock worth $866,000 after buying an additional 949 shares during the last quarter.

SPDR S&P Bank ETF Price Performance

Shares of NYSEARCA KBE opened at $69.49 on Tuesday. The company has a 50-day moving average price of $65.90 and a 200-day moving average price of $63.71. The stock has a market capitalization of $1.65 billion, a P/E ratio of 12.60 and a beta of 0.89. SPDR S&P Bank ETF has a 1 year low of $54.42 and a 1 year high of $71.42.

SPDR S&P Bank ETF Company 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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).