Janney Capital Management LLC Trims Stock Position in SPDR S&P Bank ETF $KBE

Janney Capital Management LLC cut its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 3.8% during the second quarter, Holdings Channel.com reports. The firm owned 338,079 shares of the exchange traded fund’s stock after selling 13,365 shares during the quarter. SPDR S&P Bank ETF makes up approximately 1.2% of Janney Capital Management LLC’s portfolio, making the stock its 15th biggest position. Janney Capital Management LLC’s holdings in SPDR S&P Bank ETF were worth $18,851,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of KBE. Northern Trust Corp purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $202,000. Rothschild Investment LLC raised its stake in shares of SPDR S&P Bank ETF by 21.3% in the 1st quarter. Rothschild Investment LLC now owns 1,365 shares of the exchange traded fund’s stock valued at $72,000 after acquiring an additional 240 shares during the period. NBC Securities Inc. raised its stake in shares of SPDR S&P Bank ETF by 125,300.0% in the 1st quarter. NBC Securities Inc. now owns 1,254 shares of the exchange traded fund’s stock valued at $66,000 after acquiring an additional 1,253 shares during the period. Magnus Financial Group LLC raised its stake in shares of SPDR S&P Bank ETF by 21.7% in the 1st quarter. Magnus Financial Group LLC now owns 6,289 shares of the exchange traded fund’s stock valued at $333,000 after acquiring an additional 1,123 shares during the period. Finally, IMC Chicago LLC purchased a new stake in shares of SPDR S&P Bank ETF in the 1st quarter valued at approximately $785,000.

SPDR S&P Bank ETF Stock Performance

SPDR S&P Bank ETF stock opened at $59.84 on Tuesday. The company’s 50 day simple moving average is $59.16 and its 200-day simple moving average is $55.23. The company has a market capitalization of $1.62 billion, a price-to-earnings ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a 1 year low of $44.34 and a 1 year high of $63.74.

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.