Sandy Spring Bank Sells 1,990 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Sandy Spring Bank cut its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 3.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,957 shares of the exchange traded fund’s stock after selling 1,990 shares during the quarter. Sandy Spring Bank owned approximately 0.17% of SPDR S&P Bank ETF worth $2,716,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Citigroup Inc. increased its holdings in shares of 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 valued at $70,867,000 after acquiring an additional 1,056,448 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of 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 valued at $64,900,000 after acquiring an additional 870,000 shares in the last quarter. Tlwm acquired a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at about $17,871,000. Madison Investment Advisors LLC acquired a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at about $14,443,000. Finally, Raymond James Financial Inc. acquired a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at about $11,709,000.

SPDR S&P Bank ETF Stock Down 0.5 %

Shares of NYSEARCA KBE opened at $53.39 on Friday. The business’s 50 day moving average price is $56.54 and its 200 day moving average price is $56.17. The firm has a market cap of $2.27 billion, a P/E ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a 52 week low of $42.77 and a 52 week high of $63.74.

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.