Norden Group LLC Has $276,000 Holdings in SPDR S&P Bank ETF $KBE

Norden Group LLC decreased its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 96.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,544 shares of the exchange traded fund’s stock after selling 108,151 shares during the quarter. Norden Group LLC’s holdings in SPDR S&P Bank ETF were worth $276,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Belpointe Asset Management LLC raised its position in shares of SPDR S&P Bank ETF by 175.2% in the 3rd quarter. Belpointe Asset Management LLC now owns 16,777 shares of the exchange traded fund’s stock valued at $997,000 after buying an additional 10,681 shares in the last quarter. Group One Trading LLC boosted its position in shares of SPDR S&P Bank ETF by 68.0% during the 3rd quarter. Group One Trading LLC now owns 22,306 shares of the exchange traded fund’s stock worth $1,325,000 after acquiring an additional 9,028 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in SPDR S&P Bank ETF in the third quarter valued at approximately $1,039,000. Montecito Bank & Trust acquired a new position in SPDR S&P Bank ETF during the third quarter valued at approximately $504,000. Finally, Keystone Wealth Services LLC acquired a new position in SPDR S&P Bank ETF during the third quarter valued at approximately $788,000.

SPDR S&P Bank ETF Price Performance

NYSEARCA KBE opened at $58.09 on Tuesday. The business has a fifty day moving average price of $62.24 and a two-hundred day moving average price of $60.58. The stock has a market capitalization of $1.40 billion, a PE ratio of 12.60 and a beta of 0.97. SPDR S&P Bank ETF has a fifty-two week low of $44.34 and a fifty-two 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).