SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by Pettinga Financial Advisors LLC

Pettinga Financial Advisors LLC trimmed its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 14.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 11,115 shares of the exchange traded fund’s stock after selling 1,835 shares during the period. Pettinga Financial Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $524,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of KBE. Migdal Insurance & Financial Holdings Ltd. acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth about $35,896,000. Harel Insurance Investments & Financial Services Ltd. acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth about $13,806,000. Altfest L J & Co. Inc. acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth about $9,262,000. Axxcess Wealth Management LLC acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth about $5,748,000. Finally, Wells Fargo & Company MN grew its holdings in SPDR S&P Bank ETF by 31.9% during the fourth quarter. Wells Fargo & Company MN now owns 454,954 shares of the exchange traded fund’s stock worth $20,937,000 after acquiring an additional 110,131 shares during the period.

SPDR S&P Bank ETF Stock Up 0.3 %

NYSEARCA:KBE opened at $46.52 on Monday. The business’s 50-day moving average price is $45.78 and its 200 day moving average price is $45.30. The firm has a market cap of $1.37 billion, a P/E ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 52-week low of $33.97 and a 52-week high of $48.32.

About SPDR S&P Bank ETF

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.