Aspen Grove Capital LLC Decreases Stake in SPDR S&P Bank ETF $KBE

Aspen Grove Capital LLC lowered its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 77.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,935 shares of the exchange traded fund’s stock after selling 19,985 shares during the quarter. Aspen Grove Capital LLC’s holdings in SPDR S&P Bank ETF were worth $353,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KBE. FWL Investment Management LLC purchased a new stake in shares of SPDR S&P Bank ETF during the third quarter valued at approximately $32,000. Advocate Investing Services LLC purchased a new position in SPDR S&P Bank ETF in the fourth quarter worth $43,000. Camelot Portfolios LLC bought a new position in SPDR S&P Bank ETF in the 4th quarter valued at $50,000. MWA Asset Management bought a new position in SPDR S&P Bank ETF in the 1st quarter valued at $56,000. Finally, EFG International AG purchased a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at $76,000.

SPDR S&P Bank ETF Stock Performance

KBE opened at $68.77 on Friday. SPDR S&P Bank ETF has a fifty-two week low of $54.42 and a fifty-two week high of $71.42. The firm has a 50-day moving average of $66.32 and a 200 day moving average of $63.89. The firm has a market cap of $1.64 billion, a P/E ratio of 12.60 and a beta of 0.89.

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).