Falcon Wealth Planning bought a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,667 shares of the exchange traded fund’s stock, valued at approximately $395,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Clear Street Markets LLC raised its stake in shares of SPDR S&P Bank ETF by 104.7% in the fourth quarter. Clear Street Markets LLC now owns 900 shares of the exchange traded fund’s stock valued at $41,000 after acquiring an additional 20,000 shares during the period. Advisors Preferred LLC purchased a new stake in SPDR S&P Bank ETF in the 1st quarter worth about $43,000. Ameritas Advisory Services LLC bought a new stake in SPDR S&P Bank ETF in the first quarter worth about $61,000. Franklin Resources Inc. purchased a new position in shares of SPDR S&P Bank ETF during the second quarter valued at approximately $111,000. Finally, Spire Wealth Management grew its stake in shares of SPDR S&P Bank ETF by 60.0% during the first quarter. Spire Wealth Management now owns 3,028 shares of the exchange traded fund’s stock valued at $112,000 after buying an additional 1,135 shares during the last quarter.
SPDR S&P Bank ETF Trading Up 0.9 %
Shares of NYSEARCA KBE traded up $0.35 during midday trading on Tuesday, hitting $38.47. The company’s stock had a trading volume of 1,053,606 shares, compared to its average volume of 3,242,121. SPDR S&P Bank ETF has a 12-month low of $30.85 and a 12-month high of $50.82. The firm has a market cap of $1.32 billion, a P/E ratio of 9.13 and a beta of 1.14. The business’s 50 day moving average is $39.42 and its two-hundred day moving average is $37.93.
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.
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