SG Americas Securities LLC Decreases Stake in SPDR S&P Bank ETF $KBE

SG Americas Securities LLC lessened its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 26.5% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,041 shares of the exchange traded fund’s stock after selling 2,180 shares during the quarter. SG Americas Securities LLC’s holdings in SPDR S&P Bank ETF were worth $337,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Edmond DE Rothschild Holding S.A. raised its holdings in SPDR S&P Bank ETF by 115.2% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 561,714 shares of the exchange traded fund’s stock valued at $29,748,000 after buying an additional 300,652 shares during the last quarter. Bank of New York Mellon Corp purchased a new position in shares of SPDR S&P Bank ETF in the second quarter valued at about $9,606,000. TD Asset Management Inc bought a new position in shares of SPDR S&P Bank ETF during the first quarter valued at about $7,589,000. DRW Securities LLC bought a new position in shares of SPDR S&P Bank ETF during the first quarter valued at about $5,561,000. Finally, Citigroup Inc. boosted its holdings in shares of SPDR S&P Bank ETF by 357.8% during the first quarter. Citigroup Inc. now owns 131,827 shares of the exchange traded fund’s stock worth $6,982,000 after purchasing an additional 103,032 shares during the period.

SPDR S&P Bank ETF Price Performance

NYSEARCA KBE opened at $58.98 on Friday. SPDR S&P Bank ETF has a 1 year low of $44.34 and a 1 year high of $62.49. The stock has a market capitalization of $1.41 billion, a PE ratio of 12.60 and a beta of 0.97. The business’s 50-day moving average is $57.91 and its 200 day moving average is $57.32.

SPDR S&P Bank ETF 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.