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

Barclays PLC decreased its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 90.8% during the 3rd quarter, Holdings Channel.com reports. 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 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Envestnet Asset Management Inc. boosted its holdings in SPDR S&P Bank ETF by 92.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock worth $4,244,000 after buying an additional 44,020 shares during the period. Ascent Group LLC bought a new position in shares of SPDR S&P Bank ETF in the second quarter worth $858,000. Creative Planning boosted its holdings in shares of SPDR S&P Bank ETF by 3.3% in the second quarter. Creative Planning now owns 6,313 shares of the exchange traded fund’s stock worth $293,000 after acquiring an additional 200 shares during the period. Park Avenue Securities LLC purchased a new position in shares of SPDR S&P Bank ETF in the third quarter valued at $362,000. Finally, Sovereign Financial Group Inc. bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter valued at $208,000.

SPDR S&P Bank ETF Stock Up 0.5 %

Shares of NYSEARCA KBE opened at $58.08 on Friday. SPDR S&P Bank ETF has a 52 week low of $42.13 and a 52 week high of $63.74. The company has a market cap of $1.70 billion, a P/E ratio of 7.86 and a beta of 1.42. The business has a 50-day simple moving average of $58.04 and a two-hundred day simple moving average of $54.78.

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.