Wharton Business Group LLC Sells 15,525 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Wharton Business Group LLC decreased its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 3.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 409,821 shares of the exchange traded fund’s stock after selling 15,525 shares during the quarter. SPDR S&P Bank ETF comprises about 1.0% of Wharton Business Group LLC’s portfolio, making the stock its 23rd largest holding. Wharton Business Group LLC owned approximately 1.40% of SPDR S&P Bank ETF worth $22,733,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC boosted its position in shares of SPDR S&P Bank ETF by 20.6% during the third quarter. FMR LLC now owns 4,309 shares of the exchange traded fund’s stock worth $229,000 after acquiring an additional 736 shares during the last quarter. Sanctuary Advisors LLC bought a new position in shares of SPDR S&P Bank ETF during the third quarter worth $295,000. Janney Montgomery Scott LLC boosted its position in shares of SPDR S&P Bank ETF by 1.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock worth $985,000 after acquiring an additional 278 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of SPDR S&P Bank ETF by 14.8% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 5,968 shares of the exchange traded fund’s stock worth $316,000 after acquiring an additional 769 shares during the last quarter. Finally, Stephens Inc. AR boosted its position in shares of 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 worth $502,000 after acquiring an additional 651 shares during the last quarter.

SPDR S&P Bank ETF Stock Performance

Shares of NYSEARCA:KBE opened at $56.53 on Monday. The firm has a fifty day moving average price of $57.22 and a 200 day moving average price of $55.87. SPDR S&P Bank ETF has a fifty-two week low of $42.77 and a fifty-two week high of $63.74. The firm has a market cap of $1.66 billion, a price-to-earnings 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.