Evolution Wealth Advisors LLC Decreases Stock Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Evolution Wealth Advisors LLC cut its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 0.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 186,258 shares of the exchange traded fund’s stock after selling 970 shares during the period. SPDR S&P Bank ETF comprises about 1.7% of Evolution Wealth Advisors LLC’s holdings, making the stock its 16th largest holding. Evolution Wealth Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $8,572,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Tyler Stone Wealth Management purchased a new position in SPDR S&P Bank ETF in the second quarter valued at $29,000. Ancora Advisors LLC acquired a new position in SPDR S&P Bank ETF in the 1st quarter valued at about $33,000. Clear Street Markets LLC increased its position in SPDR S&P Bank ETF by 104.7% in the 4th quarter. Clear Street Markets LLC now owns 900 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 20,000 shares during the period. NBC Securities Inc. acquired a new position in SPDR S&P Bank ETF in the 3rd quarter valued at about $46,000. Finally, Capital Investment Counsel Inc acquired a new position in SPDR S&P Bank ETF in the 3rd quarter valued at about $72,000.

SPDR S&P Bank ETF Stock Up 2.3 %

KBE stock traded up $1.01 during trading on Friday, hitting $44.41. The company had a trading volume of 1,411,742 shares, compared to its average volume of 2,416,234. The firm has a market cap of $1.36 billion, a PE ratio of 7.76 and a beta of 1.42. SPDR S&P Bank ETF has a 1-year low of $30.85 and a 1-year high of $47.39. The firm has a 50-day moving average price of $44.78 and a 200-day moving average price of $42.52.

SPDR S&P Bank ETF 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.