SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by Capital Investment Counsel Inc

Capital Investment Counsel Inc decreased its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 27.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,425 shares of the exchange traded fund’s stock after selling 536 shares during the period. Capital Investment Counsel Inc’s holdings in SPDR S&P Bank ETF were worth $79,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Citigroup Inc. raised its holdings in SPDR S&P Bank ETF by 372.7% during the third quarter. Citigroup Inc. now owns 1,339,899 shares of the exchange traded fund’s stock worth $70,867,000 after purchasing an additional 1,056,448 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its holdings in SPDR S&P Bank ETF by 290.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock worth $64,900,000 after purchasing an additional 870,000 shares in the last quarter. Janney Capital Management LLC purchased a new position in SPDR S&P Bank ETF during the third quarter worth about $19,805,000. Tlwm purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $17,871,000. Finally, Pinnbrook Capital Management LP purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $4,957,000.

SPDR S&P Bank ETF Trading Down 2.2 %

Shares of SPDR S&P Bank ETF stock opened at $56.53 on Friday. SPDR S&P Bank ETF has a 12-month low of $42.77 and a 12-month high of $63.74. The stock has a market cap of $1.66 billion, a PE ratio of 7.86 and a beta of 1.42. The company has a 50-day moving average of $57.27 and a two-hundred day moving average of $55.71.

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.