SPDR S&P Bank ETF (NYSEARCA:KBE – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $69.13 and last traded at $69.04, with a volume of 653748 shares trading hands. The stock had previously closed at $68.22.
SPDR S&P Bank ETF Stock Up 2.0%
The company has a market cap of $1.62 billion, a P/E ratio of 12.60 and a beta of 0.90. The company has a fifty day moving average of $64.51 and a 200 day moving average of $63.05.
Institutional Investors Weigh In On SPDR S&P Bank ETF
Several hedge funds and other institutional investors have recently made changes to their positions in KBE. Jones Financial Companies Lllp boosted its holdings in shares of SPDR S&P Bank ETF by 731.0% in the first quarter. Jones Financial Companies Lllp now owns 7,371 shares of the exchange traded fund’s stock worth $390,000 after buying an additional 6,484 shares during the last quarter. First Trust Advisors LP increased its holdings in SPDR S&P Bank ETF by 5.0% during the second quarter. First Trust Advisors LP now owns 44,631 shares of the exchange traded fund’s stock valued at $2,489,000 after buying an additional 2,126 shares during the last quarter. Raymond James Financial Inc. raised its position in SPDR S&P Bank ETF by 4.9% in the second quarter. Raymond James Financial Inc. now owns 242,125 shares of the exchange traded fund’s stock worth $13,501,000 after acquiring an additional 11,301 shares during the period. Lighthouse Investment Partners LLC bought a new position in SPDR S&P Bank ETF in the second quarter worth approximately $548,000. Finally, Curi Capital LLC boosted its stake in shares of SPDR S&P Bank ETF by 6.5% during the 2nd quarter. Curi Capital LLC now owns 15,536 shares of the exchange traded fund’s stock worth $866,000 after acquiring an additional 949 shares during the last quarter.
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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