GM Advisory Group LLC Sells 19,664 Shares of SPDR S&P Bank ETF $KBE

GM Advisory Group LLC cut its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 48.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,525 shares of the exchange traded fund’s stock after selling 19,664 shares during the period. GM Advisory Group LLC owned about 0.09% of SPDR S&P Bank ETF worth $1,220,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in KBE. Jones Financial Companies Lllp lifted its stake in SPDR S&P Bank ETF by 731.0% during the first 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 during the last quarter. Bank of New York Mellon Corp bought a new position in shares of SPDR S&P Bank ETF during the 2nd quarter valued at about $9,606,000. Cetera Investment Advisers increased its position in shares of SPDR S&P Bank ETF by 32.3% during the 2nd quarter. Cetera Investment Advisers now owns 40,972 shares of the exchange traded fund’s stock valued at $2,285,000 after purchasing an additional 10,013 shares during the last quarter. TD Waterhouse Canada Inc. raised its holdings in shares of SPDR S&P Bank ETF by 24.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 3,509 shares of the exchange traded fund’s stock valued at $201,000 after buying an additional 700 shares in the last quarter. Finally, Edmond DE Rothschild Holding S.A. raised its holdings in shares of SPDR S&P Bank ETF by 2.4% during the 2nd quarter. Edmond DE Rothschild Holding S.A. now owns 575,420 shares of the exchange traded fund’s stock valued at $32,085,000 after buying an additional 13,706 shares in the last quarter.

SPDR S&P Bank ETF Price Performance

NYSEARCA:KBE opened at $57.55 on Thursday. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97. The business has a 50 day moving average of $62.96 and a 200 day moving average of $60.73. SPDR S&P Bank ETF has a 1-year low of $44.34 and a 1-year high of $67.75.

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).