SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Sold by Cowa LLC

Cowa LLC decreased its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 32.8% in the fourth quarter, HoldingsChannel reports. The firm owned 8,685 shares of the exchange traded fund’s stock after selling 4,234 shares during the quarter. Cowa LLC’s holdings in SPDR S&P Bank ETF were worth $482,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of KBE. US Bancorp DE raised its position in 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 valued at $39,000 after acquiring an additional 645 shares in the last quarter. New Wave Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Bank ETF during the fourth quarter worth approximately $46,000. Heck Capital Advisors LLC purchased a new stake in shares of SPDR S&P Bank ETF during the fourth quarter worth approximately $51,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of SPDR S&P Bank ETF during the fourth quarter worth approximately $64,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of SPDR S&P Bank ETF during the third quarter worth approximately $84,000.

SPDR S&P Bank ETF Stock Down 2.2 %

Shares of SPDR S&P Bank ETF stock opened at $56.53 on Friday. SPDR S&P Bank ETF has a 52 week low of $42.77 and a 52 week high of $63.74. The business’s fifty day simple moving average is $57.27 and its 200-day simple moving average is $55.71. The firm has a market cap of $1.66 billion, a PE ratio of 7.86 and a beta of 1.42.

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.