C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Invests $540,000 in SPDR S&P Bank ETF (NYSEARCA:KBE)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 9,735 shares of the exchange traded fund’s stock, valued at approximately $540,000.

A number of other large investors have also bought and sold shares of KBE. US Bancorp DE boosted its holdings in shares of SPDR S&P Bank ETF by 678.9% in the third quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock valued at $39,000 after buying an additional 645 shares during the period. New Wave Wealth Advisors LLC bought a new stake in SPDR S&P Bank ETF in the 4th quarter valued at $46,000. Heck Capital Advisors LLC acquired a new position in SPDR S&P Bank ETF in the 4th quarter worth $51,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P Bank ETF during the 4th quarter worth about $64,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter valued at about $84,000.

SPDR S&P Bank ETF Price Performance

KBE stock opened at $58.75 on Thursday. The stock has a market capitalization of $1.72 billion, a P/E ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a fifty-two week low of $42.77 and a fifty-two week high of $63.74. The business has a 50-day moving average of $57.30 and a 200-day moving average of $55.70.

About SPDR S&P Bank ETF

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.