Ibex Wealth Advisors purchased a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 30,344 shares of the exchange traded fund’s stock, valued at approximately $1,683,000. Ibex Wealth Advisors owned about 0.10% of SPDR S&P Bank ETF at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Citigroup Inc. lifted its holdings in SPDR S&P Bank ETF by 372.7% in the 3rd quarter. Citigroup Inc. now owns 1,339,899 shares of the exchange traded fund’s stock valued at $70,867,000 after acquiring an additional 1,056,448 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. boosted its position in SPDR S&P Bank ETF by 290.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock valued at $64,900,000 after purchasing an additional 870,000 shares during the last quarter. Janney Capital Management LLC purchased a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth about $19,805,000. Tlwm acquired a new stake in SPDR S&P Bank ETF in the fourth quarter valued at approximately $17,871,000. Finally, Alaska Permanent Fund Corp boosted its holdings in SPDR S&P Bank ETF by 45.7% in the third quarter. Alaska Permanent Fund Corp now owns 153,000 shares of the exchange traded fund’s stock worth $8,092,000 after purchasing an additional 48,000 shares in the last quarter.
SPDR S&P Bank ETF Price Performance
KBE traded up $0.59 on Wednesday, hitting $59.23. The company had a trading volume of 316,682 shares, compared to its average volume of 2,149,180. The stock has a market cap of $1.74 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The company’s fifty day moving average price is $57.99 and its 200 day moving average price is $55.03. SPDR S&P Bank ETF has a 1-year low of $42.13 and a 1-year high of $63.74.
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.
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