PNC Financial Services Group Inc. Lowers Position in SPDR S&P Bank ETF $KBE

PNC Financial Services Group Inc. cut its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 15.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 321,167 shares of the exchange traded fund’s stock after selling 60,535 shares during the quarter. PNC Financial Services Group Inc.’s holdings in SPDR S&P Bank ETF were worth $19,492,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Monetary Management Group Inc. purchased a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth $30,000. FWL Investment Management LLC purchased a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth $32,000. Camelot Portfolios LLC purchased a new position in shares of SPDR S&P Bank ETF during the 4th quarter worth $50,000. Capital Investment Counsel Inc purchased a new position in shares of SPDR S&P Bank ETF during the 4th quarter worth $86,000. Finally, International Assets Investment Management LLC purchased a new position in shares of SPDR S&P Bank ETF during the 4th quarter worth $88,000.

SPDR S&P Bank ETF Trading Up 0.1%

NYSEARCA KBE opened at $63.54 on Friday. The stock has a market cap of $1.48 billion, a PE ratio of 12.60 and a beta of 0.92. SPDR S&P Bank ETF has a twelve month low of $51.72 and a twelve month high of $67.75. The stock has a fifty day simple moving average of $61.73 and a 200-day simple moving average of $61.67.

About SPDR S&P Bank ETF

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).