SPDR S&P Bank ETF $KBE Stock Holdings Trimmed by Segment Wealth Management LLC

Segment Wealth Management LLC reduced its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 32.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 22,090 shares of the exchange traded fund’s stock after selling 10,600 shares during the quarter. Segment Wealth Management LLC owned approximately 0.10% of SPDR S&P Bank ETF worth $1,341,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC increased its holdings in SPDR S&P Bank ETF by 175.2% in the third quarter. Belpointe Asset Management LLC now owns 16,777 shares of the exchange traded fund’s stock valued at $997,000 after buying an additional 10,681 shares during the last quarter. Group One Trading LLC increased its holdings in SPDR S&P Bank ETF by 68.0% in the third quarter. Group One Trading LLC now owns 22,306 shares of the exchange traded fund’s stock valued at $1,325,000 after buying an additional 9,028 shares during the last quarter. Oppenheimer & Co. Inc. bought a new stake in SPDR S&P Bank ETF in the third quarter valued at about $1,039,000. ProVise Management Group LLC increased its holdings in SPDR S&P Bank ETF by 4.3% in the third quarter. ProVise Management Group LLC now owns 209,496 shares of the exchange traded fund’s stock valued at $12,448,000 after buying an additional 8,557 shares during the last quarter. Finally, Keystone Wealth Services LLC bought a new stake in SPDR S&P Bank ETF in the third quarter valued at about $788,000.

SPDR S&P Bank ETF Stock Down 1.3%

Shares of SPDR S&P Bank ETF stock opened at $63.50 on Friday. The firm has a market cap of $1.47 billion, a P/E ratio of 12.60 and a beta of 0.93. SPDR S&P Bank ETF has a fifty-two week low of $49.55 and a fifty-two week high of $67.75. The business has a 50-day moving average price of $61.41 and a 200 day moving average price of $60.90.

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).