SPDR S&P Bank ETF (NYSEARCA:KBE) Sets New 52-Week High at $48.53

SPDR S&P Bank ETF (NYSEARCA:KBE) shares reached a new 52-week high on Thursday . The company traded as high as $48.53 and last traded at $48.38, with a volume of 651421 shares changing hands. The stock had previously closed at $47.15.

SPDR S&P Bank ETF Trading Up 3.6 %

The business has a 50 day moving average of $45.93 and a two-hundred day moving average of $45.31. The firm has a market cap of $1.43 billion, a P/E ratio of 7.86 and a beta of 1.42.

Institutional Investors Weigh In On SPDR S&P Bank ETF

A number of large investors have recently added to or reduced their stakes in the business. Lynx Investment Advisory acquired a new position in SPDR S&P Bank ETF in the 2nd quarter valued at $45,000. CWM LLC boosted its stake in shares of SPDR S&P Bank ETF by 34.7% during the fourth quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock valued at $59,000 after purchasing an additional 333 shares in the last quarter. Capital Investment Counsel Inc boosted its stake in shares of SPDR S&P Bank ETF by 25.0% during the fourth quarter. Capital Investment Counsel Inc now owns 2,428 shares of the exchange traded fund’s stock valued at $112,000 after purchasing an additional 486 shares in the last quarter. BKM Wealth Management LLC acquired a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at about $118,000. Finally, Clear Street Markets LLC acquired a new stake in shares of SPDR S&P Bank ETF during the fourth quarter valued at about $129,000.

SPDR S&P Bank ETF Company 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.