Eldridge Investment Advisors Inc. Takes $666,000 Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Eldridge Investment Advisors Inc. acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) 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.