SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. cut its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 41.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,040 shares of the exchange traded fund’s stock after selling 80,579 shares during the quarter. JPMorgan Chase & Co. owned 0.38% of SPDR S&P Bank ETF worth $5,926,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of KBE. FMR LLC increased its stake in SPDR S&P Bank ETF by 20.6% during the 3rd quarter. FMR LLC now owns 4,309 shares of the exchange traded fund’s stock worth $229,000 after buying an additional 736 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of SPDR S&P Bank ETF in the third quarter worth $295,000. Wealth Enhancement Advisory Services LLC grew its stake in shares of SPDR S&P Bank ETF by 14.8% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,968 shares of the exchange traded fund’s stock worth $316,000 after acquiring an additional 769 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of SPDR S&P Bank ETF by 92.7% during the second quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock worth $4,244,000 after acquiring an additional 44,020 shares during the period. Finally, CX Institutional acquired a new stake in shares of SPDR S&P Bank ETF in the third quarter valued at $340,000.

SPDR S&P Bank ETF Trading Down 0.6 %

NYSEARCA:KBE opened at $57.09 on Friday. SPDR S&P Bank ETF has a 12-month low of $42.13 and a 12-month high of $63.74. The firm has a market cap of $1.68 billion, a PE ratio of 7.86 and a beta of 1.42. The stock has a fifty day moving average price of $58.31 and a 200 day moving average price of $54.28.

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.