Simplex Trading LLC Trims Stock Holdings in SPDR S&P Bank ETF $KBE

Simplex Trading LLC decreased its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 19.8% in the 2nd quarter, Holdings Channel.com reports. The firm owned 84,604 shares of the exchange traded fund’s stock after selling 20,864 shares during the period. Simplex Trading LLC’s holdings in SPDR S&P Bank ETF were worth $4,717,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently modified their holdings of KBE. Envestnet Asset Management Inc. grew its stake in SPDR S&P Bank ETF by 2.2% during the first quarter. Envestnet Asset Management Inc. now owns 23,483 shares of the exchange traded fund’s stock valued at $1,244,000 after acquiring an additional 504 shares in the last quarter. Castlekeep Investment Advisors LLC grew its stake in SPDR S&P Bank ETF by 94.5% during the first quarter. Castlekeep Investment Advisors LLC now owns 180,611 shares of the exchange traded fund’s stock valued at $9,565,000 after acquiring an additional 87,762 shares in the last quarter. Madison Asset Management LLC grew its stake in SPDR S&P Bank ETF by 52.8% during the first quarter. Madison Asset Management LLC now owns 397,809 shares of the exchange traded fund’s stock valued at $21,068,000 after acquiring an additional 137,441 shares in the last quarter. Arlington Capital Management Inc. purchased a new position in SPDR S&P Bank ETF during the first quarter valued at approximately $1,491,000. Finally, Avantax Advisory Services Inc. grew its stake in SPDR S&P Bank ETF by 10.8% during the first quarter. Avantax Advisory Services Inc. now owns 9,688 shares of the exchange traded fund’s stock valued at $513,000 after acquiring an additional 942 shares in the last quarter.

SPDR S&P Bank ETF Trading Up 0.7%

Shares of NYSEARCA:KBE opened at $57.15 on Thursday. The company has a 50 day moving average of $59.09 and a 200 day moving average of $56.62. The stock has a market cap of $1.37 billion, a P/E ratio of 12.60 and a beta of 0.97. SPDR S&P Bank ETF has a 12 month low of $44.34 and a 12 month high of $63.74.

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.