PNC Financial Services Group Inc. Reduces Stake in SPDR S&P Bank ETF $KBE

PNC Financial Services Group Inc. reduced its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 15.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 321,167 shares of the exchange traded fund’s stock after selling 60,535 shares during the quarter. PNC Financial Services Group Inc. owned approximately 1.34% of SPDR S&P Bank ETF worth $19,492,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. Wealthfront Advisers LLC grew its holdings in SPDR S&P Bank ETF by 4.4% in the 4th quarter. Wealthfront Advisers LLC now owns 6,835 shares of the exchange traded fund’s stock valued at $415,000 after buying an additional 287 shares in the last quarter. NBC Securities Inc. grew its holdings in SPDR S&P Bank ETF by 31.8% in the 4th quarter. NBC Securities Inc. now owns 1,626 shares of the exchange traded fund’s stock valued at $99,000 after buying an additional 392 shares in the last quarter. Stratos Wealth Partners LTD. grew its holdings in SPDR S&P Bank ETF by 12.3% in the 3rd quarter. Stratos Wealth Partners LTD. now owns 4,460 shares of the exchange traded fund’s stock valued at $265,000 after buying an additional 488 shares in the last quarter. Monetary Management Group Inc. purchased a new stake in SPDR S&P Bank ETF in the 3rd quarter valued at $30,000. Finally, FWL Investment Management LLC purchased a new stake in SPDR S&P Bank ETF in the 3rd quarter valued at $32,000.

SPDR S&P Bank ETF Stock Up 0.1%

Shares of NYSEARCA:KBE opened at $63.54 on Friday. The business has a fifty day moving average of $61.73 and a two-hundred day moving average of $61.67. The stock has a market cap of $1.48 billion, a P/E ratio of 12.60 and a beta of 0.92. SPDR S&P Bank ETF has a 52-week low of $51.72 and a 52-week high of $67.75.

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. 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).