Oppenheimer & Co. Inc. cut its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 8.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,666 shares of the exchange traded fund’s stock after selling 1,024 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in SPDR S&P Bank ETF were worth $462,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. GWM Advisors LLC boosted its stake in SPDR S&P Bank ETF by 1.2% during the second quarter. GWM Advisors LLC now owns 21,310 shares of the exchange traded fund’s stock worth $924,000 after buying an additional 250 shares during the last quarter. Creative Planning grew its holdings in SPDR S&P Bank ETF by 2.4% during the 2nd quarter. Creative Planning now owns 11,359 shares of the exchange traded fund’s stock worth $493,000 after acquiring an additional 261 shares in the last quarter. Cooper Financial Group increased its holdings in SPDR S&P Bank ETF by 4.4% in the second quarter. Cooper Financial Group now owns 6,374 shares of the exchange traded fund’s stock valued at $276,000 after buying an additional 268 shares during the last quarter. Squar Milner Financial Services LLC increased its holdings in shares of SPDR S&P Bank ETF by 2.5% in the 2nd quarter. Squar Milner Financial Services LLC now owns 12,001 shares of the exchange traded fund’s stock valued at $520,000 after acquiring an additional 290 shares during the last quarter. Finally, WESPAC Advisors SoCal LLC increased its stake in SPDR S&P Bank ETF by 5.2% in the second quarter. WESPAC Advisors SoCal LLC now owns 7,600 shares of the exchange traded fund’s stock valued at $329,000 after purchasing an additional 375 shares during the last quarter.

KBE traded up $0.12 during trading on Wednesday, hitting $43.56. 105,798 shares of the stock were exchanged, compared to its average volume of 2,546,729. The stock has a fifty day moving average price of $41.78 and a two-hundred day moving average price of $43.09. SPDR S&P Bank ETF has a 1-year low of $34.92 and a 1-year high of $49.78.

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.

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Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSEARCA:KBE)

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