Independent Portfolio Consultants’s State Street SPDR S&P Bank ETF KBE Stock Holding History

Independent Portfolio Consultants’s Portfolio KBE Stock Details KBE Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2016 Q1	–	Sell	-51,480	Closed	-$1.74M	–	782
2015 Q4	$1.74M	Sell	51,480 -8,480	-14%	-$295K	0.52%	50
2015 Q3	$1.99M	Buy	59,960 +42,725	+248%	+$1.49M	0.43%	71
2015 Q2	$625K	Buy	+17,235	New	+$603K	0.13%	217
2014 Q2	–	Sell	-61,910	Closed	-$2.11M	–	835
2014 Q1	$2.11M	Buy	+61,910	New	+$2.04M	0.67%	16

Other funds holding KBE

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

JP Morgan Chase New York $1.81T AUM 41.13% 1-Year Est. Return

PVH

Psagot Value Holdings Tel Aviv, Israel $11M AUM 32.09% 1-Year Est. Return

Bank of America Charlotte, North Carolina $1.55T AUM 33.47% 1-Year Est. Return

Franklin Resources San Mateo, California $462B AUM 39.16% 1-Year Est. Return

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

Wells Fargo San Francisco, California $617B AUM 30.33% 1-Year Est. Return

BNP Paribas Financial Markets Paris, France $289B AUM 60.46% 1-Year Est. Return

Independent Portfolio Consultants's KBE Position: Q1 2016 in Review

Independent Portfolio Consultants sold out of State Street SPDR S&P Bank ETF (KBE) in Q1 2016, closing a stake of 51,480 shares — an estimated $1.74M sold.

Independent Portfolio Consultants first reported a position in KBE in Q1 2014 and held it in 4 quarters. The position peaked at $2.11M in Q1 2014. 140 funds tracked by Wall St. Rank hold KBE as of Q1 2016.

Independent Portfolio Consultants reported no remaining State Street SPDR S&P Bank ETF position as of Q1 2016 after selling out during the quarter.
Independent Portfolio Consultants sold 51,480 State Street SPDR S&P Bank ETF shares in Q1 2016, an estimated $1.74M.
Independent Portfolio Consultants first reported a position in State Street SPDR S&P Bank ETF in Q1 2014 and held it in 4 quarters.
Independent Portfolio Consultants's State Street SPDR S&P Bank ETF position peaked at $2.11M in Q1 2014.
140 funds tracked by Wall St. Rank held State Street SPDR S&P Bank ETF as of Q1 2016.

Based on Independent Portfolio Consultants's 13F filing for Q1 2016, filed 13 Apr 2016.