Pettinga Financial Advisors LLC Sells 1,835 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Pettinga Financial Advisors LLC lowered its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 14.2% during the 1st quarter, according to the company in 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 quarter. Pettinga Financial Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $524,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. CWM LLC grew its position in SPDR S&P Bank ETF by 34.7% in the fourth quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 333 shares in the last quarter. Garde Capital Inc. purchased a new position in SPDR S&P Bank ETF in the third quarter worth $101,000. Capital Investment Counsel Inc grew its position in SPDR S&P Bank ETF by 25.0% in the fourth quarter. Capital Investment Counsel Inc now owns 2,428 shares of the exchange traded fund’s stock worth $112,000 after acquiring an additional 486 shares in the last quarter. BKM Wealth Management LLC purchased a new position in SPDR S&P Bank ETF in the fourth quarter worth $118,000. Finally, Clear Street Markets LLC purchased a new position in SPDR S&P Bank ETF in the fourth quarter worth $129,000.

SPDR S&P Bank ETF Stock Performance

Shares of NYSEARCA:KBE opened at $46.52 on Monday. The firm has a fifty day moving average of $45.78 and a 200 day moving average of $45.30. SPDR S&P Bank ETF has a 52-week low of $33.97 and a 52-week high of $48.32. The firm has a market capitalization of $1.37 billion, a PE 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.