Cwm LLC Purchases 333 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Cwm LLC increased its position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 34.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,292 shares of the exchange traded fund’s stock after buying an additional 333 shares during the period. Cwm LLC’s holdings in SPDR S&P Bank ETF were worth $59,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. NBC Securities Inc. acquired a new position in SPDR S&P Bank ETF during the 3rd quarter valued at $46,000. Capital Investment Counsel Inc bought a new stake in shares of SPDR S&P Bank ETF in the third quarter valued at about $72,000. Banque Cantonale Vaudoise bought a new position in SPDR S&P Bank ETF during the third quarter valued at about $81,000. BKM Wealth Management LLC acquired a new position in SPDR S&P Bank ETF in the 4th quarter valued at approximately $118,000. Finally, Garde Capital Inc. bought a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter worth approximately $101,000.

SPDR S&P Bank ETF Trading Up 0.5 %

Shares of NYSEARCA KBE opened at $47.05 on Thursday. The firm has a market capitalization of $1.38 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a one year low of $31.96 and a one year high of $47.39. The business has a fifty day simple moving average of $45.24 and a 200 day simple moving average of $43.49.

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.