Bank of New York Mellon Corp Sells 3,909 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

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Bank of New York Mellon Corp lessened its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 17.2% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,769 shares of the exchange traded fund’s stock after selling 3,909 shares during the period. Bank of New York Mellon Corp’s holdings in SPDR S&P Bank ETF were worth $814,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Rehmann Capital Advisory Group acquired a new position in SPDR S&P Bank ETF during the first quarter worth approximately $216,000. Janney Capital Management LLC increased its position in SPDR S&P Bank ETF by 76.5% during the second quarter. Janney Capital Management LLC now owns 566,434 shares of the exchange traded fund’s stock worth $24,561,000 after buying an additional 245,555 shares during the last quarter. Janney Montgomery Scott LLC increased its position in SPDR S&P Bank ETF by 35.5% during the second quarter. Janney Montgomery Scott LLC now owns 13,523 shares of the exchange traded fund’s stock worth $586,000 after buying an additional 3,542 shares during the last quarter. Squar Milner Financial Services LLC increased its position in SPDR S&P Bank ETF by 2.5% during the second quarter. Squar Milner Financial Services LLC now owns 12,001 shares of the exchange traded fund’s stock worth $520,000 after buying an additional 290 shares during the last quarter. Finally, Marshall & Sullivan Inc. WA increased its position in SPDR S&P Bank ETF by 3.7% during the second quarter. Marshall & Sullivan Inc. WA now owns 230,831 shares of the exchange traded fund’s stock worth $10,009,000 after buying an additional 8,188 shares during the last quarter.

Shares of NYSEARCA KBE opened at $42.60 on Friday. The business’s 50 day moving average price is $42.20 and its two-hundred day moving average price is $42.92. SPDR S&P Bank ETF has a twelve month low of $34.92 and a twelve month high of $46.09.

The firm also recently declared a — dividend, which was paid on Wednesday, September 25th. Shareholders of record on Monday, September 23rd were given a dividend of $0.2649 per share. This represents a yield of 2.3%. The ex-dividend date was Friday, September 20th.

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.

Recommended Story: Equal Weight Rating

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

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