SPDR S&P Bank ETF (NYSEARCA:KBE – Get Free Report) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $71.49 and last traded at $71.46, with a volume of 358365 shares trading hands. The stock had previously closed at $70.52.
SPDR S&P Bank ETF Trading Down 0.8%
The stock has a market capitalization of $1.67 billion, a P/E ratio of 12.60 and a beta of 0.89. The stock’s 50 day simple moving average is $67.57 and its 200 day simple moving average is $64.35.
Hedge Funds Weigh In On SPDR S&P Bank ETF
Hedge funds have recently bought and sold shares of the company. FWL Investment Management LLC bought a new position in SPDR S&P Bank ETF during the 3rd quarter worth approximately $32,000. Advocate Investing Services LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at approximately $43,000. Camelot Portfolios LLC bought a new position in SPDR S&P Bank ETF during the fourth quarter worth $50,000. MWA Asset Management bought a new position in SPDR S&P Bank ETF during the first quarter worth $56,000. Finally, EFG International AG acquired a new position in SPDR S&P Bank ETF in the fourth quarter worth $76,000.
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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