Envestnet Portfolio Solutions Inc. Invests $242,000 in SPDR S&P Bank ETF (NYSEARCA:KBE)

Envestnet Portfolio Solutions Inc. purchased a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 5,257 shares of the exchange traded fund’s stock, valued at approximately $242,000.

Other large investors have also recently made changes to their positions in the company. Harvest Fund Management Co. Ltd bought a new position in shares of SPDR S&P Bank ETF in the 3rd quarter worth $180,000. Stratos Wealth Partners LTD. purchased a new position in SPDR S&P Bank ETF during the 4th quarter worth $937,000. Great Valley Advisor Group Inc. grew its stake in SPDR S&P Bank ETF by 24.7% during the 3rd quarter. Great Valley Advisor Group Inc. now owns 7,083 shares of the exchange traded fund’s stock worth $261,000 after buying an additional 1,401 shares during the last quarter. Webster Bank N. A. purchased a new position in SPDR S&P Bank ETF during the 4th quarter worth $218,000. Finally, CWM LLC grew its stake in SPDR S&P Bank ETF by 34.7% during the 4th quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 333 shares during the last quarter.

SPDR S&P Bank ETF Price Performance

Shares of KBE stock opened at $46.23 on Friday. SPDR S&P Bank ETF has a 1-year low of $33.67 and a 1-year high of $48.32. The stock’s fifty day moving average price is $45.80 and its 200 day moving average price is $44.44. The company has a market cap of $1.36 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

SPDR S&P Bank ETF 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.