SPDR S&P Bank ETF (KBE) Sees Unusually-High Trading Volume

Shares of SPDR S&P Bank ETF (NYSEARCA:KBE) saw unusually-high trading volume on Monday . Approximately 2,907,198 shares changed hands during mid-day trading, an increase of 24% from the previous session’s volume of 2,338,220 shares.The stock last traded at $43.65 and had previously closed at $42.77.

A number of institutional investors have recently made changes to their positions in the stock. Simplex Trading LLC bought a new position in SPDR S&P Bank ETF during the 3rd quarter valued at about $118,000. Matthew Goff Investment Advisor LLC bought a new position in SPDR S&P Bank ETF during the 3rd quarter valued at about $175,000. B. Riley Wealth Management Inc. bought a new position in SPDR S&P Bank ETF during the 3rd quarter valued at about $253,000. First Hawaiian Bank bought a new position in SPDR S&P Bank ETF during the 3rd quarter valued at about $261,000. Finally, HPM Partners LLC bought a new position in SPDR S&P Bank ETF during the 3rd quarter valued at about $264,000.

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SPDR S&P Bank ETF Company Profile (NYSEARCA:KBE)

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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