Avitas Wealth Management LLC Decreases Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

Avitas Wealth Management LLC lowered its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,090 shares of the exchange traded fund’s stock after selling 188 shares during the quarter. Avitas Wealth Management LLC’s holdings in SPDR S&P Bank ETF were worth $227,000 as of its most recent filing with the SEC.

Several other large investors have also recently added to or reduced their stakes in the business. Institute for Wealth Management LLC. raised its position in 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 worth $255,000 after acquiring an additional 189 shares in the last quarter. Creative Planning boosted its position in SPDR S&P Bank ETF by 3.3% during the second quarter. Creative Planning now owns 6,313 shares of the exchange traded fund’s stock valued at $293,000 after purchasing an additional 200 shares during the last quarter. Janney Montgomery Scott LLC increased 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 worth $985,000 after buying an additional 278 shares during the last quarter. Magnus Financial Group LLC lifted its position in SPDR S&P Bank ETF by 13.6% during the 4th quarter. Magnus Financial Group LLC now owns 5,166 shares of the exchange traded fund’s stock worth $287,000 after acquiring an additional 619 shares during the last quarter. Finally, US Bancorp DE grew its position in SPDR S&P Bank ETF by 678.9% in the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after purchasing an additional 645 shares during the last quarter.

SPDR S&P Bank ETF Stock Performance

Shares of KBE opened at $59.38 on Thursday. The firm has a market capitalization of $1.74 billion, a P/E ratio of 7.86 and a beta of 1.42. The company has a 50-day simple moving average of $57.73 and a 200-day simple moving average of $55.27. SPDR S&P Bank ETF has a 52 week low of $42.13 and a 52 week 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.