Sandy Spring Bank lowered its position in shares of SPDR KBW Bank (NYSE:KBE) by 7.6% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 147,007 shares of the exchange traded fund’s stock after selling 12,161 shares during the quarter. Sandy Spring Bank’s holdings in SPDR KBW Bank were worth $6,398,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Great Lakes Advisors LLC grew its holdings in SPDR KBW Bank by 0.6% during the second quarter. Great Lakes Advisors LLC now owns 15,112 shares of the exchange traded fund’s stock valued at $658,000 after purchasing an additional 83 shares during the period. First Heartland Consultants Inc. grew its holdings in SPDR KBW Bank by 0.7% during the second quarter. First Heartland Consultants Inc. now owns 8,753 shares of the exchange traded fund’s stock valued at $381,000 after purchasing an additional 65 shares during the period. Janney Montgomery Scott LLC grew its holdings in SPDR KBW Bank by 15.5% during the second quarter. Janney Montgomery Scott LLC now owns 10,204 shares of the exchange traded fund’s stock valued at $444,000 after purchasing an additional 1,369 shares during the period. BNP Paribas Arbitrage SA grew its holdings in SPDR KBW Bank by 13.6% during the second quarter. BNP Paribas Arbitrage SA now owns 29,554 shares of the exchange traded fund’s stock valued at $1,286,000 after purchasing an additional 3,549 shares during the period. Finally, MAI Capital Management grew its holdings in SPDR KBW Bank by 104.5% during the second quarter. MAI Capital Management now owns 52,759 shares of the exchange traded fund’s stock valued at $2,296,000 after purchasing an additional 26,964 shares during the period.

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Shares of SPDR KBW Bank (KBE) traded up 0.49% on Friday, reaching $41.91. 1,786,006 shares of the company were exchanged. The company’s 50-day moving average price is $42.13 and its 200 day moving average price is $42.84. SPDR KBW Bank has a 12 month low of $32.50 and a 12 month high of $47.00.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 25th. Stockholders of record on Monday, September 18th will be given a dividend of $0.1653 per share. This is an increase from SPDR KBW Bank’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Friday, September 15th. This represents a $0.66 annualized dividend and a dividend yield of 1.58%.

About SPDR KBW Bank

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.

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Institutional Ownership by Quarter for SPDR KBW Bank (NYSE:KBE)

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