SPDR S&P Bank ETF (NYSEARCA:KBE) Hits New 1-Year High – What’s Next?

SPDR S&P Bank ETF (NYSEARCA:KBE) reached a new 52-week high during mid-day trading on Monday . The company traded as high as $67.79 and last traded at $67.35, with a volume of 816819 shares. The stock had previously closed at $66.94.

SPDR S&P Bank ETF Trading Down 0.6%

The business has a 50 day moving average of $63.44 and a 200-day moving average of $62.46. The firm has a market capitalization of $1.55 billion, a P/E ratio of 12.60 and a beta of 0.90.

Institutional Trading of SPDR S&P Bank ETF

A number of large investors have recently bought and sold shares of KBE. Jones Financial Companies Lllp increased its stake in SPDR S&P Bank ETF by 731.0% during the 1st quarter. Jones Financial Companies Lllp now owns 7,371 shares of the exchange traded fund’s stock worth $390,000 after purchasing an additional 6,484 shares in the last quarter. First Trust Advisors LP raised its position in SPDR S&P Bank ETF by 5.0% in the 2nd quarter. First Trust Advisors LP now owns 44,631 shares of the exchange traded fund’s stock valued at $2,489,000 after buying an additional 2,126 shares during the last quarter. Raymond James Financial Inc. raised its position in SPDR S&P Bank ETF by 4.9% in the 2nd quarter. Raymond James Financial Inc. now owns 242,125 shares of the exchange traded fund’s stock valued at $13,501,000 after buying an additional 11,301 shares during the last quarter. Lighthouse Investment Partners LLC acquired a new stake in SPDR S&P Bank ETF in the 2nd quarter valued at approximately $548,000. Finally, Curi Capital LLC raised its position in SPDR S&P Bank ETF by 6.5% in the 2nd quarter. Curi Capital LLC now owns 15,536 shares of the exchange traded fund’s stock valued at $866,000 after buying an additional 949 shares during the last quarter.

About SPDR S&P Bank ETF

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).