DRW Securities LLC Lowers Stock Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

DRW Securities LLC cut its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 6.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,000 shares of the exchange traded fund’s stock after selling 5,000 shares during the quarter. DRW Securities LLC owned about 0.24% of SPDR S&P Bank ETF worth $3,141,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Lynx Investment Advisory acquired a new position in shares of SPDR S&P Bank ETF during the 2nd quarter valued at about $45,000. Fifth Third Bancorp raised its stake in SPDR S&P Bank ETF by 9.6% during the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 220 shares during the period. Clear Street Markets LLC purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth approximately $129,000. Massmutual Trust Co. FSB ADV acquired a new position in shares of SPDR S&P Bank ETF in the 2nd quarter valued at $134,000. Finally, Centaurus Financial Inc. acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth $141,000.

SPDR S&P Bank ETF Trading Down 1.6 %

Shares of SPDR S&P Bank ETF stock opened at $53.72 on Friday. The business’s fifty day moving average price is $51.92 and its 200 day moving average price is $47.84. SPDR S&P Bank ETF has a twelve month low of $33.97 and a twelve month high of $55.04. The stock has a market capitalization of $1.58 billion, a P/E ratio of 7.86 and a beta of 1.42.

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.