SPDR S&P Bank ETF (NYSEARCA:KBE – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 3,681,630 shares changed hands during mid-day trading, an increase of 61% from the previous session’s volume of 2,279,939 shares.The stock last traded at $61.83 and had previously closed at $62.92.
SPDR S&P Bank ETF Trading Down 0.3%
The firm has a 50-day simple moving average of $61.35 and a two-hundred day simple moving average of $61.35. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92.
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Duquesne Family Office LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth approximately $28,646,000. Royal Bank of Canada lifted its stake in shares of SPDR S&P Bank ETF by 262.0% in the 4th quarter. Royal Bank of Canada now owns 463,143 shares of the exchange traded fund’s stock valued at $28,109,000 after purchasing an additional 335,194 shares during the period. Janney Montgomery Scott LLC boosted its holdings in SPDR S&P Bank ETF by 1,944.1% during the first quarter. Janney Montgomery Scott LLC now owns 334,848 shares of the exchange traded fund’s stock worth $19,940,000 after buying an additional 318,467 shares in the last quarter. Two Sigma Investments LP boosted its stake in shares of SPDR S&P Bank ETF by 13.8% during the 3rd quarter. Two Sigma Investments LP now owns 2,030,440 shares of the exchange traded fund’s stock worth $120,649,000 after acquiring an additional 246,600 shares in the last quarter. Finally, Agave Capital Management Ltd acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at about $7,112,000.
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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).
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