Northwestern Mutual Wealth Management Co. trimmed its position in shares of SPDR KBW Bank (NYSEARCA:KBE) by 18.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,355 shares of the exchange traded fund’s stock after selling 2,545 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in SPDR KBW Bank were worth $538,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Vigilant Capital Management LLC increased its holdings in SPDR KBW Bank by 3.3% in the 4th quarter. Vigilant Capital Management LLC now owns 493,943 shares of the exchange traded fund’s stock valued at $23,383,000 after acquiring an additional 15,551 shares during the last quarter. Hudock Capital Group LLC increased its holdings in SPDR KBW Bank by 53.5% in the 4th quarter. Hudock Capital Group LLC now owns 5,610 shares of the exchange traded fund’s stock valued at $265,000 after acquiring an additional 1,955 shares during the last quarter. Dimension Capital Management LLC increased its holdings in SPDR KBW Bank by 63.7% in the 4th quarter. Dimension Capital Management LLC now owns 8,969 shares of the exchange traded fund’s stock valued at $425,000 after acquiring an additional 3,490 shares during the last quarter. MAI Capital Management increased its holdings in SPDR KBW Bank by 81.0% in the 4th quarter. MAI Capital Management now owns 131,168 shares of the exchange traded fund’s stock valued at $6,209,000 after acquiring an additional 58,692 shares during the last quarter. Finally, Cadinha & Co. LLC bought a new stake in SPDR KBW Bank in the 4th quarter valued at $12,841,000.

Shares of SPDR KBW Bank (NYSEARCA KBE) opened at $48.72 on Wednesday. The stock has a market cap of $4,080.00 and a price-to-earnings ratio of 9.24. SPDR KBW Bank has a fifty-two week low of $39.60 and a fifty-two week high of $51.58.

ILLEGAL ACTIVITY WARNING: “SPDR KBW Bank (KBE) Stake Lowered by Northwestern Mutual Wealth Management Co.” was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece on another website, it was illegally stolen and reposted in violation of United States & international copyright and trademark law. The correct version of this piece can be viewed at https://www.thecerbatgem.com/2018/02/07/spdr-kbw-bank-kbe-stake-lowered-by-northwestern-mutual-wealth-management-co.html.

SPDR KBW Bank Company 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.

Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR KBW Bank (NYSEARCA:KBE).

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

Receive News & Ratings for SPDR KBW Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR KBW Bank and related companies with MarketBeat.com's FREE daily email newsletter.