SPDR S&P Bank ETF (NYSEARCA:KBE) Sets New 12-Month High – Here’s What Happened

SPDR S&P Bank ETF (NYSEARCA:KBE)’s share price reached a new 52-week high on Thursday . The stock traded as high as $70.34 and last traded at $70.29, with a volume of 110425 shares. The stock had previously closed at $69.59.

SPDR S&P Bank ETF Stock Performance

The company has a market capitalization of $1.58 billion, a P/E ratio of 12.60 and a beta of 0.89. The stock’s fifty day moving average price is $65.50 and its 200-day moving average price is $63.53.

Institutional Trading of SPDR S&P Bank ETF

Several institutional investors and hedge funds have recently bought and sold shares of the business. FWL Investment Management LLC acquired a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth approximately $32,000. Advocate Investing Services LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $43,000. Camelot Portfolios LLC bought a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $50,000. MWA Asset Management bought a new stake in shares of SPDR S&P Bank ETF during the 1st quarter worth about $56,000. Finally, EFG International AG acquired a new position in SPDR S&P Bank ETF in the 4th quarter valued at about $76,000.

SPDR S&P Bank ETF Company 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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).