Integrated Wealth Concepts LLC Decreases Stock Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Integrated Wealth Concepts LLC cut its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 4.6% in the 4th quarter, HoldingsChannel reports. The fund owned 35,323 shares of the exchange traded fund’s stock after selling 1,691 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in SPDR S&P Bank ETF were worth $1,959,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the stock. JPMorgan Chase & Co. boosted its position in SPDR S&P Bank ETF by 1,963.2% during the 4th quarter. JPMorgan Chase & Co. now owns 2,311,639 shares of the exchange traded fund’s stock valued at $128,227,000 after buying an additional 2,199,599 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in SPDR S&P Bank ETF by 290.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock valued at $64,900,000 after purchasing an additional 870,000 shares during the last quarter. Tlwm bought a new stake in shares of SPDR S&P Bank ETF in the 4th quarter worth approximately $17,871,000. Edmond DE Rothschild Holding S.A. purchased a new stake in SPDR S&P Bank ETF in the fourth quarter worth $14,481,000. Finally, Madison Investment Advisors LLC bought a new stake in SPDR S&P Bank ETF in the fourth quarter valued at $14,443,000.

SPDR S&P Bank ETF Trading Down 0.8 %

Shares of NYSEARCA KBE opened at $50.30 on Monday. The firm has a fifty day simple moving average of $51.86 and a two-hundred day simple moving average of $55.69. The firm has a market capitalization of $1.49 billion, a PE ratio of 11.56 and a beta of 0.99. SPDR S&P Bank ETF has a 12 month low of $43.64 and a 12 month high of $63.74.

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.