Shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 3,681,630 shares traded hands during mid-day trading, an increase of 61% from the previous session’s volume of 2,279,939 shares.The stock last traded at $61.83 and had previously closed at $62.92.
SPDR S&P Bank ETF Stock Performance
The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92. The firm’s 50-day moving average price is $61.40 and its two-hundred day moving average price is $61.46.
Hedge Funds Weigh In On SPDR S&P Bank ETF
Hedge funds have recently modified their holdings of the stock. Monetary Management Group Inc. bought a new stake in SPDR S&P Bank ETF in the third quarter valued at $30,000. FWL Investment Management LLC acquired a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter valued at $32,000. Advocate Investing Services LLC bought a new stake in shares of SPDR S&P Bank ETF in the 4th quarter worth about $43,000. Camelot Portfolios LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $50,000. Finally, HHM Wealth Advisors LLC increased its position in shares of SPDR S&P Bank ETF by 3,886.4% during the 3rd quarter. HHM Wealth Advisors LLC now owns 877 shares of the exchange traded fund’s stock worth $52,000 after purchasing an additional 855 shares in the last quarter.
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).
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