SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 89.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,960 shares of the exchange traded fund’s stock after selling 16,999 shares during the period. BNP Paribas Financial Markets’ holdings in SPDR S&P Bank ETF were worth $104,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Citigroup Inc. lifted its holdings in SPDR S&P Bank ETF by 372.7% in the 3rd 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 in the last quarter. Janney Capital Management LLC purchased a new stake in shares of SPDR S&P Bank ETF during the third quarter worth about $19,805,000. Baker Avenue Asset Management LP purchased a new stake in shares of SPDR S&P Bank ETF during the third quarter worth about $2,822,000. Alaska Permanent Fund Corp lifted its stake in shares of SPDR S&P Bank ETF by 45.7% in the third quarter. Alaska Permanent Fund Corp now owns 153,000 shares of the exchange traded fund’s stock worth $8,092,000 after acquiring an additional 48,000 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its holdings 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 Stock Down 5.0 %

Shares of NYSEARCA KBE opened at $55.25 on Thursday. SPDR S&P Bank ETF has a fifty-two week low of $42.13 and a fifty-two week high of $63.74. The business has a 50 day moving average price of $58.15 and a two-hundred day moving average price of $52.78. The firm has a market cap of $1.62 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.