CoreCap Advisors LLC Purchases Shares of 5,777 SPDR S&P Bank ETF (NYSEARCA:KBE)

CoreCap Advisors LLC purchased a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 5,777 shares of the exchange traded fund’s stock, valued at approximately $266,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Tyler Stone Wealth Management acquired a new position in SPDR S&P Bank ETF in the 2nd quarter worth approximately $29,000. Ancora Advisors LLC acquired a new position in SPDR S&P Bank ETF in the 1st quarter worth approximately $33,000. Clear Street Markets LLC increased its holdings in SPDR S&P Bank ETF by 104.7% in the 4th quarter. Clear Street Markets LLC now owns 900 shares of the exchange traded fund’s stock worth $41,000 after buying an additional 20,000 shares during the period. NBC Securities Inc. acquired a new position in SPDR S&P Bank ETF in the 3rd quarter worth approximately $46,000. Finally, Capital Investment Counsel Inc acquired a new position in SPDR S&P Bank ETF in the 3rd quarter worth approximately $72,000.

SPDR S&P Bank ETF Trading Up 3.2 %

Shares of NYSEARCA:KBE opened at $46.85 on Thursday. SPDR S&P Bank ETF has a twelve month low of $30.85 and a twelve month high of $47.39. The company’s 50 day moving average is $44.74 and its 200 day moving average is $41.71. The company has a market cap of $1.61 billion, a PE ratio of 9.13 and a beta of 1.14.

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.