Shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.58 and last traded at $53.18, with a volume of 418219 shares. The stock had previously closed at $52.85.
SPDR S&P Bank ETF Stock Up 2.3 %
The firm has a fifty day moving average price of $46.85 and a 200-day moving average price of $45.71. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.
Institutional Trading of SPDR S&P Bank ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Stratos Wealth Partners LTD. acquired a new position in SPDR S&P Bank ETF in the fourth quarter valued at approximately $937,000. IPG Investment Advisors LLC acquired a new position in shares of SPDR S&P Bank ETF during the fourth quarter worth approximately $920,000. Webster Bank N. A. acquired a new position in shares of SPDR S&P Bank ETF during the fourth quarter worth approximately $218,000. CWM LLC boosted its position in shares of SPDR S&P Bank ETF by 34.7% during the fourth quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 333 shares during the period. Finally, ProVise Management Group LLC boosted its position in shares of SPDR S&P Bank ETF by 0.4% during the fourth quarter. ProVise Management Group LLC now owns 169,286 shares of the exchange traded fund’s stock worth $7,791,000 after buying an additional 713 shares during the period.
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.
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