SG Americas Securities LLC Has $721,000 Stock Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

SG Americas Securities LLC trimmed its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 86.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,004 shares of the exchange traded fund’s stock after selling 81,222 shares during the quarter. SG Americas Securities LLC’s holdings in SPDR S&P Bank ETF were worth $721,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE lifted its position in shares of SPDR S&P Bank ETF by 678.9% during the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock valued at $39,000 after acquiring an additional 645 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at $64,000. RPg Family Wealth Advisory LLC bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter valued at $84,000. Wilmington Savings Fund Society FSB bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter valued at $88,000. Finally, Balentine LLC bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter valued at $140,000.

SPDR S&P Bank ETF Stock Performance

NYSEARCA:KBE opened at $58.53 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 company has a market cap of $1.72 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The stock has a fifty day moving average price of $57.99 and a 200-day moving average price of $55.03.

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.