SPDR S&P Bank ETF (NYSEARCA:KBE) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened

SPDR S&P Bank ETF (NYSEARCA:KBE)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $63.43 and traded as high as $69.07. SPDR S&P Bank ETF shares last traded at $68.82, with a volume of 1,147,697 shares.

SPDR S&P Bank ETF Price Performance

The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 12.60 and a beta of 0.89. The business’s 50-day moving average price is $65.41 and its two-hundred day moving average price is $63.48.

Institutional Investors Weigh In On SPDR S&P Bank ETF

A number of institutional investors have recently bought and sold shares of KBE. FWL Investment Management LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth $32,000. Advocate Investing Services LLC purchased a new position in shares of SPDR S&P Bank ETF in the fourth quarter valued at $43,000. Camelot Portfolios LLC acquired a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at about $50,000. MWA Asset Management purchased a new stake in SPDR S&P Bank ETF during the 1st quarter worth approximately $56,000. Finally, EFG International AG bought a new stake in shares of SPDR S&P Bank ETF in the fourth quarter worth $76,000.

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. 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).