WP Advisors LLC Has $256,000 Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

WP Advisors LLC lessened its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 48.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,847 shares of the exchange traded fund’s stock after selling 4,520 shares during the period. WP Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $256,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Janney Capital Management LLC bought a new stake in shares of SPDR S&P Bank ETF during the third quarter worth about $19,805,000. Baker Avenue Asset Management LP acquired a new stake in SPDR S&P Bank ETF during the 3rd quarter worth approximately $2,822,000. Alaska Permanent Fund Corp boosted its position in SPDR S&P Bank ETF by 45.7% during the 3rd quarter. Alaska Permanent Fund Corp now owns 153,000 shares of the exchange traded fund’s stock worth $8,092,000 after buying an additional 48,000 shares during the period. Envestnet Asset Management Inc. boosted its position in SPDR S&P Bank ETF by 92.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 91,488 shares of the exchange traded fund’s stock worth $4,244,000 after buying an additional 44,020 shares during the period. Finally, Retireful LLC acquired a new stake in SPDR S&P Bank ETF during the 2nd quarter worth approximately $1,770,000.

SPDR S&P Bank ETF Price Performance

NYSEARCA:KBE opened at $59.96 on Monday. The firm’s 50 day simple moving average is $54.45 and its 200 day simple moving average is $50.59. SPDR S&P Bank ETF has a one year low of $38.97 and a one year high of $61.87. The company has a market cap of $1.76 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.