IndexIQ Advisors LLC Lowers Holdings in SPDR S&P Bank ETF (KBE)

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IndexIQ Advisors LLC cut its position in SPDR S&P Bank ETF (NYSEARCA:KBE) by 32.8% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 96,060 shares of the exchange traded fund’s stock after selling 46,924 shares during the period. IndexIQ Advisors LLC’s holdings in SPDR S&P Bank ETF were worth $4,012,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Morgan Stanley raised its stake in shares of SPDR S&P Bank ETF by 5.4% during the 3rd quarter. Morgan Stanley now owns 3,121,292 shares of the exchange traded fund’s stock valued at $145,361,000 after purchasing an additional 160,045 shares during the period. JPMorgan Chase & Co. raised its stake in shares of SPDR S&P Bank ETF by 5.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,345,702 shares of the exchange traded fund’s stock valued at $109,239,000 after purchasing an additional 117,129 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of SPDR S&P Bank ETF by 155.6% during the 4th quarter. Canada Pension Plan Investment Board now owns 1,150,000 shares of the exchange traded fund’s stock valued at $42,949,000 after purchasing an additional 700,000 shares during the period. Main Management ETF Advisors LLC raised its stake in shares of SPDR S&P Bank ETF by 6.1% during the 4th quarter. Main Management ETF Advisors LLC now owns 917,600 shares of the exchange traded fund’s stock valued at $34,272,000 after purchasing an additional 52,700 shares during the period. Finally, Tibra Equities Europe Ltd bought a new stake in shares of SPDR S&P Bank ETF during the 1st quarter valued at $34,431,000.

NYSEARCA:KBE opened at $43.03 on Thursday. SPDR S&P Bank ETF has a 52-week low of $34.92 and a 52-week high of $51.19.

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SPDR S&P Bank ETF Company 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.

Further Reading: What are Bollinger Bands?

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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