Private Advisor Group LLC Decreases Stock Holdings in SPDR S&P Bank ETF

In the third quarter of the year, Private Advisor Group LLC reduced its stake in the SPDR S&P Bank ETF (NYSEARCA:KBE) by 0.8%. This information comes from the company’s latest filing with the SEC. Following the sale of 278 shares during the quarter, Private Advisor Group LLC now holds 34,577 shares of this exchange-traded fund. The value of their holdings in the SPDR S&P Bank ETF is approximately $1,829,000, as of the latest reporting period.

Other hedge funds have also adjusted their positions in this ETF. For instance, Creative Planning increased its holdings by 3.3% during the previous quarter, acquiring an additional 200 shares to connect with a total of 6,313 shares valued at $293,000. Similarly, Fifth Third Bancorp saw a 9.6% increase in its position, now owning 2,520 shares valued at $117,000 after buying an extra 220 shares. Harbour Investments Inc. raised its stake by 10.2%, bringing its total to 3,721 shares valued at $173,000 after purchasing 343 shares. SG Americas Securities LLC made a more modest increase of 0.4% in the second quarter, now owning 175,616 shares worth $8,147,000 after purchasing an additional 734 shares. Finally, Vima LLC increased its holdings by 7.0% in the first quarter, bringing its total to 12,879 shares valued at $607,000 after acquiring 842 shares.

Current ETF Performance

As of the latest trading day, the SPDR S&P Bank ETF opened at $55.47. It has seen a range in the past 52 weeks, with a low of $34.92 and a high of $56.41. The ETF has a market capitalization of $1.63 billion and a price-to-earnings (P/E) ratio of 7.86, indicating a robust market interest in bank equities. Its beta stands at 1.42, suggesting a volatility level higher than the market average. The 50-day and 200-day moving averages are currently at $53.14 and $49.44, respectively.

About SPDR S&P Bank ETF

The SPDR KBW Bank ETF, previously known as the SPDR S&P Bank ETF, aims to closely mirror the returns and attributes of the S&P Banks Select Industry Index. This index is a float-adjusted, modified-market capitalization-weighted index that seeks to reflect the performance of publicly traded banking or thrift companies.

PrivateAdvisorGroup, SPDR, BankETF