Madison Asset Management LLC Has $24.64 Million Position in SPDR S&P Bank ETF $KBE

Madison Asset Management LLC cut its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 3.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 406,063 shares of the exchange traded fund’s stock after selling 14,631 shares during the quarter. Madison Asset Management LLC’s holdings in SPDR S&P Bank ETF were worth $24,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of KBE. Belpointe Asset Management LLC boosted its stake in shares of SPDR S&P Bank ETF by 175.2% during the third quarter. Belpointe Asset Management LLC now owns 16,777 shares of the exchange traded fund’s stock valued at $997,000 after purchasing an additional 10,681 shares in the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of SPDR S&P Bank ETF during the third quarter worth $1,039,000. ProVise Management Group LLC grew its holdings in SPDR S&P Bank ETF by 4.3% during the 3rd quarter. ProVise Management Group LLC now owns 209,496 shares of the exchange traded fund’s stock worth $12,448,000 after acquiring an additional 8,557 shares during the period. Group One Trading LLC grew its stake in SPDR S&P Bank ETF by 68.0% during the third quarter. Group One Trading LLC now owns 22,306 shares of the exchange traded fund’s stock worth $1,325,000 after purchasing an additional 9,028 shares during the period. Finally, Almanack Investment Partners LLC. acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth approximately $536,000.

SPDR S&P Bank ETF Trading Down 0.3%

KBE opened at $62.70 on Wednesday. The company has a fifty day moving average price of $61.38 and a two-hundred day moving average price of $61.39. SPDR S&P Bank ETF has a 1-year low of $51.72 and a 1-year high of $67.75. The company has a market cap of $1.46 billion, a P/E ratio of 12.60 and a beta of 0.92.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).