Stony Point Wealth Management Inc. Lowers Stake in SPDR S&P Bank ETF (KBE)

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Stony Point Wealth Management Inc. decreased its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 26.3% in the 1st quarter, HoldingsChannel reports. The fund owned 56,442 shares of the exchange traded fund’s stock after selling 20,096 shares during the quarter. SPDR S&P Bank ETF accounts for approximately 2.0% of Stony Point Wealth Management Inc.’s investment portfolio, making the stock its 12th biggest position. Stony Point Wealth Management Inc.’s holdings in SPDR S&P Bank ETF were worth $2,358,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Guidant Wealth Advisors bought a new position in SPDR S&P Bank ETF in the fourth quarter valued at $38,000. Evolution Wealth Advisors LLC acquired a new stake in SPDR S&P Bank ETF in the fourth quarter valued at $38,000. Lenox Wealth Advisors LLC acquired a new stake in SPDR S&P Bank ETF in the first quarter valued at $48,000. Athena Capital Advisors LLC acquired a new stake in SPDR S&P Bank ETF in the fourth quarter valued at $52,000. Finally, Berman Capital Advisors LLC acquired a new stake in SPDR S&P Bank ETF in the fourth quarter valued at $56,000.

KBE stock traded down $0.30 during trading hours on Monday, reaching $43.85. The stock had a trading volume of 1,057,070 shares, compared to its average volume of 3,137,427. SPDR S&P Bank ETF has a fifty-two week low of $34.92 and a fifty-two week high of $51.19.

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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.

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Want to see what other hedge funds are holding KBE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Bank ETF (NYSEARCA:KBE).

Institutional Ownership by Quarter for SPDR S&P Bank ETF (NYSEARCA:KBE)

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