Crescent Grove Advisors LLC cut its stake in shares of SPDR S&P Bank ETF (NYSE:KBE) by 8.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,824 shares of the exchange traded fund’s stock after selling 1,641 shares during the period. Crescent Grove Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $759,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. increased its position in shares of SPDR S&P Bank ETF by 1.1% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,138 shares of the exchange traded fund’s stock valued at $180,000 after buying an additional 47 shares during the period. First Heartland Consultants Inc. increased its position in shares of SPDR S&P Bank ETF 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 buying an additional 65 shares during the period. Great Lakes Advisors LLC increased its position in shares of SPDR S&P Bank ETF 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 buying an additional 83 shares during the period. PNC Financial Services Group Inc. increased its position in shares of SPDR S&P Bank ETF by 0.8% during the second quarter. PNC Financial Services Group Inc. now owns 12,573 shares of the exchange traded fund’s stock valued at $547,000 after buying an additional 105 shares during the period. Finally, Veritable L.P. increased its position in shares of SPDR S&P Bank ETF by 0.5% during the second quarter. Veritable L.P. now owns 94,416 shares of the exchange traded fund’s stock valued at $4,109,000 after buying an additional 479 shares during the period.

WARNING: “Crescent Grove Advisors LLC Has $759,000 Stake in SPDR S&P Bank ETF (KBE)” was originally published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this report on another publication, it was copied illegally and republished in violation of United States and international trademark and copyright laws. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/11/13/crescent-grove-advisors-llc-has-759000-stake-in-spdr-sp-bank-etf-kbe.html.

Shares of SPDR S&P Bank ETF (KBE) traded up $0.15 on Monday, hitting $43.83. The stock had a trading volume of 943,736 shares. SPDR S&P Bank ETF has a 12-month low of $37.29 and a 12-month high of $46.99.

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.

Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSE:KBE)

Receive News & Stock Ratings for SPDR S&P Bank ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Bank ETF and related stocks with our FREE daily email newsletter.