Fisher Asset Management LLC Sells 1,131 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Fisher Asset Management LLC lowered its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 22.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,833 shares of the exchange traded fund’s stock after selling 1,131 shares during the period. Fisher Asset Management LLC’s holdings in SPDR S&P Bank ETF were worth $203,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Citigroup Inc. increased its holdings in SPDR S&P Bank ETF by 372.7% during the third quarter. Citigroup Inc. now owns 1,339,899 shares of the exchange traded fund’s stock worth $70,867,000 after buying an additional 1,056,448 shares during the last quarter. Janney Capital Management LLC bought a new position in shares of SPDR S&P Bank ETF during the 3rd quarter valued at approximately $19,805,000. Baker Avenue Asset Management LP purchased a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth approximately $2,822,000. Alaska Permanent Fund Corp raised its holdings in shares of SPDR S&P Bank ETF by 45.7% in the 3rd quarter. Alaska Permanent Fund Corp now owns 153,000 shares of the exchange traded fund’s stock worth $8,092,000 after purchasing an additional 48,000 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in SPDR S&P Bank ETF by 92.7% in the second quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock valued at $4,244,000 after purchasing an additional 44,020 shares during the last quarter.

SPDR S&P Bank ETF Trading Down 0.3 %

Shares of NYSEARCA KBE opened at $61.84 on Monday. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The stock has a fifty day simple moving average of $56.21 and a two-hundred day simple moving average of $51.62. SPDR S&P Bank ETF has a 1-year low of $39.96 and a 1-year high of $63.74.

SPDR S&P Bank ETF Company 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.