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

Evolution Wealth Advisors LLC reduced its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 1.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,387 shares of the exchange traded fund’s stock after selling 620 shares during the period. Evolution Wealth Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $2,824,000 as of its most recent filing with the Securities & Exchange Commission.

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

SPDR S&P Bank ETF Price Performance

Shares of NYSEARCA KBE opened at $59.96 on Friday. The business has a 50-day moving average of $54.27 and a two-hundred day moving average of $50.44. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 1 year low of $38.97 and a 1 year high of $61.87.

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.