SPDR S&P Bank ETF (NYSEARCA:KBE) Hits New 12-Month High – Here’s What Happened

Shares of SPDR S&P Bank ETF (NYSEARCA:KBE) reached a new 52-week high during trading on Thursday . The company traded as high as $63.40 and last traded at $63.4890, with a volume of 377584 shares traded. The stock had previously closed at $62.44.

SPDR S&P Bank ETF Stock Performance

The stock has a market capitalization of $1.37 billion, a PE ratio of 12.60 and a beta of 0.97. The stock’s 50 day moving average is $59.74 and its two-hundred day moving average is $58.90.

Institutional Trading of SPDR S&P Bank ETF

Institutional investors have recently made changes to their positions in the company. HB Wealth Management LLC acquired a new stake in SPDR S&P Bank ETF during the 2nd quarter worth $203,000. Ameritas Advisory Services LLC acquired a new stake in shares of SPDR S&P Bank ETF in the second quarter valued at about $35,000. Magnus Financial Group LLC lifted its stake in shares of SPDR S&P Bank ETF by 5.0% in the second quarter. Magnus Financial Group LLC now owns 6,602 shares of the exchange traded fund’s stock worth $368,000 after buying an additional 313 shares in the last quarter. Stephens Inc. AR boosted its position in SPDR S&P Bank ETF by 7.3% during the second quarter. Stephens Inc. AR now owns 10,110 shares of the exchange traded fund’s stock worth $564,000 after acquiring an additional 688 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in SPDR S&P Bank ETF by 161.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 61,412 shares of the exchange traded fund’s stock valued at $3,424,000 after acquiring an additional 37,929 shares in 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).