SPDR S&P Bank ETF (NYSEARCA:KBE) Hits New 12-Month High at $47.39

SPDR S&P Bank ETF (NYSEARCA:KBE)’s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as $47.39 and last traded at $47.34, with a volume of 349007 shares trading hands. The stock had previously closed at $47.05.

SPDR S&P Bank ETF Trading Up 0.7 %

The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The business has a 50-day moving average price of $45.24 and a two-hundred day moving average price of $43.49.

Institutional Trading of SPDR S&P Bank ETF

A number of large investors have recently modified their holdings of KBE. Harvest Fund Management Co. Ltd bought a new position in shares of SPDR S&P Bank ETF in the third quarter worth $180,000. Stratos Wealth Partners LTD. bought a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $937,000. Great Valley Advisor Group Inc. lifted its stake in shares of SPDR S&P Bank ETF by 24.7% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 7,083 shares of the exchange traded fund’s stock worth $261,000 after acquiring an additional 1,401 shares during the period. Webster Bank N. A. bought a new position in shares of SPDR S&P Bank ETF in the fourth quarter valued at approximately $218,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of SPDR S&P Bank ETF by 7,457.4% during the third quarter. Tower Research Capital LLC TRC now owns 8,162 shares of the exchange traded fund’s stock valued at $301,000 after acquiring an additional 8,054 shares during the period.

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.