Captrust Financial Advisors Sells 98,235 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Captrust Financial Advisors cut its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 40.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,477 shares of the exchange traded fund’s stock after selling 98,235 shares during the quarter. Captrust Financial Advisors owned approximately 0.49% of SPDR S&P Bank ETF worth $7,588,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Creative Planning grew its position in shares of SPDR S&P Bank ETF by 3.3% during the second quarter. Creative Planning now owns 6,313 shares of the exchange traded fund’s stock worth $293,000 after purchasing an additional 200 shares in the last quarter. Fifth Third Bancorp raised its position in shares of SPDR S&P Bank ETF by 9.6% during the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock valued at $117,000 after buying an additional 220 shares during the last quarter. Harbour Investments Inc. lifted its holdings in shares of SPDR S&P Bank ETF by 10.2% in the second quarter. Harbour Investments Inc. now owns 3,721 shares of the exchange traded fund’s stock worth $173,000 after buying an additional 343 shares in the last quarter. US Bancorp DE boosted its position in shares of SPDR S&P Bank ETF by 678.9% during the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 645 shares during the last quarter. Finally, Stephens Inc. AR grew its stake in SPDR S&P Bank ETF by 7.4% during the third quarter. Stephens Inc. AR now owns 9,491 shares of the exchange traded fund’s stock valued at $502,000 after acquiring an additional 651 shares in the last quarter.

SPDR S&P Bank ETF Stock Performance

Shares of NYSEARCA KBE opened at $61.30 on Tuesday. The company has a market cap of $1.80 billion, a P/E ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 52-week low of $41.50 and a 52-week high of $63.74. The firm’s fifty day moving average is $56.37 and its two-hundred day moving average is $51.72.

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.