SPDR KBW Bank (NYSE:KBE) Shares Sold by Cabot Wealth Management Inc.

Cabot Wealth Management Inc. decreased its stake in shares of SPDR KBW Bank (NYSE:KBE) by 4.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 123,595 shares of the exchange traded fund’s stock after selling 5,835 shares during the period. Cabot Wealth Management Inc.’s holdings in SPDR KBW Bank were worth $5,379,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. HL Financial Services LLC boosted its position in SPDR KBW Bank by 3.0% in the second quarter. HL Financial Services LLC now owns 27,278 shares of the exchange traded fund’s stock valued at $1,187,000 after buying an additional 793 shares in the last quarter. TD Asset Management Inc. boosted its position in SPDR KBW Bank by 1.8% in the second quarter. TD Asset Management Inc. now owns 460,000 shares of the exchange traded fund’s stock valued at $20,019,000 after buying an additional 8,000 shares in the last quarter. Palisade Capital Management LLC NJ boosted its position in SPDR KBW Bank by 80.0% in the second quarter. Palisade Capital Management LLC NJ now owns 9,000 shares of the exchange traded fund’s stock valued at $392,000 after buying an additional 4,000 shares in the last quarter. Chicago Partners Investment Group LLC boosted its position in SPDR KBW Bank by 3,439.8% in the second quarter. Chicago Partners Investment Group LLC now owns 20,000 shares of the exchange traded fund’s stock valued at $870,000 after buying an additional 19,435 shares in the last quarter. Finally, IFP Advisors Inc boosted its position in SPDR KBW Bank by 57.3% in the second quarter. IFP Advisors Inc now owns 4,577 shares of the exchange traded fund’s stock valued at $199,000 after buying an additional 1,667 shares in the last quarter.

SPDR KBW Bank (NYSE KBE) traded down 0.02% during trading on Friday, hitting $41.40. 2,488,678 shares of the stock traded hands. SPDR KBW Bank has a one year low of $32.50 and a one year high of $47.00. The company’s 50 day moving average is $43.38 and its 200 day moving average is $43.26.

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About SPDR KBW Bank

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.