Graves Light Lenhart Wealth Inc. Makes New Investment in SPDR S&P Bank ETF $KBE

Graves Light Lenhart Wealth Inc. purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 8,101 shares of the exchange traded fund’s stock, valued at approximately $512,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. CX Institutional bought a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth $28,000. Timbuktu Capital Management LLC acquired a new stake in SPDR S&P Bank ETF in the second quarter valued at approximately $41,000. Ameritas Advisory Services LLC purchased a new position in SPDR S&P Bank ETF during the 2nd quarter worth $44,000. MWA Asset Management acquired a new position in shares of SPDR S&P Bank ETF during the first quarter valued at about $56,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of SPDR S&P Bank ETF during the third quarter worth $67,000.

SPDR S&P Bank ETF Stock Up 1.0%

SPDR S&P Bank ETF stock opened at $63.55 on Friday. SPDR S&P Bank ETF has a 52 week low of $54.64 and a 52 week high of $71.92. The company has a market capitalization of $1.47 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92. The stock has a 50-day moving average price of $67.74 and a 200 day moving average price of $65.89.

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).