Goldman Sachs Group Inc. Lowers Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

Goldman Sachs Group Inc. reduced its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBEGet Rating) by 17.5% in the fourth quarter, Holdings Channel reports. The firm owned 3,962,634 shares of the exchange traded fund’s stock after selling 840,283 shares during the period. Goldman Sachs Group Inc. owned 0.06% of SPDR S&P Bank ETF worth $216,201,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Strategic Wealth Advisors Group LLC lifted its stake in SPDR S&P Bank ETF by 13.4% in the fourth quarter. Strategic Wealth Advisors Group LLC now owns 53,287 shares of the exchange traded fund’s stock worth $2,908,000 after acquiring an additional 6,277 shares during the period. Toroso Investments LLC purchased a new stake in SPDR S&P Bank ETF in the fourth quarter worth about $989,000. Guardian Wealth Management Inc. purchased a new stake in SPDR S&P Bank ETF in the fourth quarter worth about $112,000. Parametric Portfolio Associates LLC purchased a new stake in SPDR S&P Bank ETF in the fourth quarter worth about $223,000. Finally, Integrated Wealth Concepts LLC lifted its stake in SPDR S&P Bank ETF by 447.8% in the fourth quarter. Integrated Wealth Concepts LLC now owns 33,024 shares of the exchange traded fund’s stock worth $1,802,000 after acquiring an additional 26,996 shares during the period.

NYSEARCA:KBE traded up $0.58 during mid-day trading on Friday, reaching $46.08. The company’s stock had a trading volume of 2,738,629 shares, compared to its average volume of 4,051,109. SPDR S&P Bank ETF has a 1 year low of $44.51 and a 1 year high of $60.60. The stock has a fifty day moving average of $50.78 and a 200-day moving average of $54.23.

About SPDR S&P Bank ETF (Get Rating)

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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Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Bank ETF (NYSEARCA:KBEGet Rating).

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

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