Eldridge Investment Advisors Inc. acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 12,000 shares of the exchange traded fund’s stock, valued at approximately $666,000.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Citigroup Inc. lifted its stake in shares of SPDR S&P Bank ETF by 372.7% in the 3rd quarter. Citigroup Inc. now owns 1,339,899 shares of the exchange traded fund’s stock valued at $70,867,000 after purchasing an additional 1,056,448 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in shares of SPDR S&P Bank ETF by 290.0% in the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock valued at $64,900,000 after purchasing an additional 870,000 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in shares of SPDR S&P Bank ETF by 0.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 364,031 shares of the exchange traded fund’s stock valued at $20,193,000 after buying an additional 1,921 shares during the period. Tlwm purchased a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at about $17,871,000. Finally, Madison Investment Advisors LLC purchased a new stake in shares of SPDR S&P Bank ETF during the 4th quarter valued at about $14,443,000.
SPDR S&P Bank ETF Stock Performance
Shares of NYSEARCA:KBE opened at $52.76 on Friday. The company has a market cap of $2.24 billion, a P/E ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a one year low of $42.77 and a one year high of $63.74. The business’s 50-day simple moving average is $56.70 and its 200 day simple moving average is $56.19.
SPDR S&P Bank ETF 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.
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