Shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Get Free Report) hit a new 52-week high during trading on Tuesday . The company 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 Price Performance
The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 12.60 and a beta of 0.89. The company’s fifty day simple moving average is $67.28 and its two-hundred day simple moving average is $64.24.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of KBE. MRA Advisory Group grew its holdings in shares of SPDR S&P Bank ETF by 4.9% in the second quarter. MRA Advisory Group now owns 112,634 shares of the exchange traded fund’s stock valued at $7,684,000 after acquiring an additional 5,234 shares in the last quarter. CX Institutional lifted its position in shares of SPDR S&P Bank ETF by 1,788.5% during the second quarter. CX Institutional now owns 9,178 shares of the exchange traded fund’s stock worth $626,000 after acquiring an additional 8,692 shares in the last quarter. SummitTX Capital L.P. purchased a new stake in SPDR S&P Bank ETF during the 1st quarter worth about $1,038,000. Renaissance Technologies LLC purchased a new stake in shares of SPDR S&P Bank ETF in the first quarter worth about $2,090,000. Finally, Bank of Nova Scotia bought a new position in SPDR S&P Bank ETF in the 1st quarter valued at $238,000.
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).
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