SPDR S&P Bank ETF (NYSEARCA:KBE) Sets New 1-Year High – Here’s What Happened

SPDR S&P Bank ETF (NYSEARCA:KBE) hit a new 52-week high on Monday . The stock traded as high as $67.79 and last traded at $67.35, with a volume of 816819 shares changing hands. The stock had previously closed at $66.94.

SPDR S&P Bank ETF Stock Down 1.7%

The firm’s 50-day moving average price is $63.68 and its 200 day moving average price is $62.56. The company has a market capitalization of $1.52 billion, a P/E ratio of 12.60 and a beta of 0.90.

Institutional Investors Weigh In On SPDR S&P Bank ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Monetary Management Group Inc. bought a new stake in shares of SPDR S&P Bank ETF during the third quarter worth about $30,000. FWL Investment Management LLC bought a new stake in shares of SPDR S&P Bank ETF during the third quarter worth about $32,000. Advocate Investing Services LLC bought a new stake in shares of SPDR S&P Bank ETF during the fourth quarter worth about $43,000. Camelot Portfolios LLC bought a new stake in shares of SPDR S&P Bank ETF during the fourth quarter worth about $50,000. Finally, MWA Asset Management bought a new stake in shares of SPDR S&P Bank ETF during the first quarter worth about $56,000.

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).