Oppenheimer & Co. Inc. lowered its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 8.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Citizens Financial Group Inc RI boosted its holdings in SPDR S&P Bank ETF by 14.1% in the second quarter. Citizens Financial Group Inc RI now owns 3,162 shares of the exchange traded fund’s stock worth $137,000 after acquiring an additional 390 shares in the last quarter. Atria Investments LLC purchased a new stake in SPDR S&P Bank ETF in the 2nd quarter worth approximately $157,000. Wharton Business Group LLC lifted its stake in SPDR S&P Bank ETF by 2.8% in the second quarter. Wharton Business Group LLC now owns 354,311 shares of the exchange traded fund’s stock worth $15,363,000 after acquiring an additional 9,720 shares during the period. Main Management ETF Advisors LLC lifted its position in shares of SPDR S&P Bank ETF by 6.4% in the 2nd quarter. Main Management ETF Advisors LLC now owns 1,032,300 shares of the exchange traded fund’s stock worth $44,761,000 after purchasing an additional 62,000 shares during the period. Finally, Marshall & Sullivan Inc. WA boosted its position in SPDR S&P Bank ETF by 3.7% during the 2nd quarter. Marshall & Sullivan Inc. WA now owns 230,831 shares of the exchange traded fund’s stock valued at $10,009,000 after acquiring an additional 8,188 shares in the last quarter.

NYSEARCA:KBE traded up $0.12 during mid-day trading on Wednesday, hitting $43.56. 105,798 shares of the company’s stock were exchanged, compared to its average volume of 2,546,729. The business has a fifty day moving average price of $41.78 and a 200 day moving average price of $43.09. SPDR S&P Bank ETF has a one year low of $34.92 and a one year high of $49.78.

SPDR S&P Bank ETF Company 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.

Further Reading: Cost of Equity For A Business, Investors

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

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