Meitav Investment House Ltd. Sells 14,970 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Meitav Investment House Ltd. lowered its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 68.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,748 shares of the exchange traded fund’s stock after selling 14,970 shares during the quarter. Meitav Investment House Ltd.’s holdings in SPDR S&P Bank ETF were worth $374,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in KBE. Institute for Wealth Management LLC. grew its holdings in shares of SPDR S&P Bank ETF by 4.3% in the fourth quarter. Institute for Wealth Management LLC. now owns 4,606 shares of the exchange traded fund’s stock valued at $255,000 after purchasing an additional 189 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in 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 valued at $985,000 after purchasing an additional 278 shares during the last quarter. Private Advisor Group LLC grew its stake in shares of SPDR S&P Bank ETF by 1.5% in the 4th quarter. Private Advisor Group LLC now owns 35,106 shares of the exchange traded fund’s stock worth $1,947,000 after buying an additional 529 shares in the last quarter. Magnus Financial Group LLC increased its holdings in shares of SPDR S&P Bank ETF by 13.6% in the 4th quarter. Magnus Financial Group LLC now owns 5,166 shares of the exchange traded fund’s stock worth $287,000 after buying an additional 619 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of SPDR S&P Bank ETF by 678.9% during the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 645 shares in the last quarter.

SPDR S&P Bank ETF Trading Down 1.6 %

Shares of NYSEARCA:KBE opened at $57.79 on Friday. The company has a 50-day moving average price of $57.27 and a 200 day moving average price of $55.71. SPDR S&P Bank ETF has a 12 month low of $42.77 and a 12 month high of $63.74. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

SPDR S&P Bank ETF Company Profile

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.