SPDR S&P Bank ETF (NYSEARCA:KBE) Sets New 1-Year High – Should You Buy?

Shares of SPDR S&P Bank ETF (NYSEARCA:KBE) hit a new 52-week high on Friday . The stock traded as high as $71.89 and last traded at $71.73, with a volume of 201920 shares. The stock had previously closed at $71.41.

SPDR S&P Bank ETF Stock Up 0.4%

The business’s fifty day moving average is $68.45 and its 200-day moving average is $64.64. The stock has a market capitalization of $1.70 billion, a PE ratio of 12.60 and a beta of 0.89.

Institutional Trading of SPDR S&P Bank ETF

Several institutional investors have recently made changes to their positions in the stock. 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 stake in SPDR S&P Bank ETF during the fourth quarter valued at about $43,000. Camelot Portfolios LLC purchased a new stake in SPDR S&P Bank ETF during the fourth quarter valued at about $50,000. MWA Asset Management acquired a new stake in SPDR S&P Bank ETF during the first quarter worth about $56,000. Finally, EFG International AG acquired a new stake in SPDR S&P Bank ETF during the fourth quarter worth about $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).