Assetmark Inc. Decreases Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Assetmark Inc. lowered its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 99.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,757 shares of the exchange traded fund’s stock after selling 1,270,961 shares during the quarter. Assetmark Inc.’s holdings in SPDR S&P Bank ETF were worth $304,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of KBE. US Bancorp DE raised its holdings in SPDR S&P Bank ETF by 678.9% in the third 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 in the last quarter. Lynx Investment Advisory purchased a new stake in shares of SPDR S&P Bank ETF in the 2nd quarter valued at approximately $45,000. Fifth Third Bancorp raised its holdings in shares of SPDR S&P Bank ETF by 9.6% in the 2nd quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 220 shares in the last quarter. Massmutual Trust Co. FSB ADV purchased a new stake in shares of SPDR S&P Bank ETF during the 2nd quarter worth $134,000. Finally, Balentine LLC acquired a new position in shares of SPDR S&P Bank ETF during the third quarter worth $140,000.

SPDR S&P Bank ETF Price Performance

NYSEARCA:KBE opened at $59.96 on Friday. SPDR S&P Bank ETF has a 12 month low of $38.97 and a 12 month high of $61.87. The firm has a market capitalization of $1.76 billion, a PE ratio of 7.86 and a beta of 1.42. The business’s fifty day moving average price is $54.45 and its 200 day moving average price is $50.55.

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.