Barclays PLC Sells 13,104 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Barclays PLC lessened its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 90.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,327 shares of the exchange traded fund’s stock after selling 13,104 shares during the period. Barclays PLC’s holdings in SPDR S&P Bank ETF were worth $70,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. US Bancorp DE raised its position in shares of SPDR S&P Bank ETF by 678.9% during the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 645 shares during the period. RPg Family Wealth Advisory LLC acquired a new position in SPDR S&P Bank ETF during the third quarter worth $84,000. Balentine LLC bought a new position in shares of SPDR S&P Bank ETF in the third quarter valued at $140,000. Farther Finance Advisors LLC acquired a new position in shares of SPDR S&P Bank ETF during the third quarter valued at about $193,000. Finally, Sovereign Financial Group Inc. bought a new stake in shares of SPDR S&P Bank ETF during the third quarter worth about $208,000.

SPDR S&P Bank ETF Trading Up 0.5 %

NYSEARCA KBE opened at $58.08 on Friday. The business has a fifty day simple moving average of $58.04 and a 200 day simple moving average of $54.78. 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 capitalization of $1.70 billion, a P/E ratio of 7.86 and a beta of 1.42.

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.