Advisor Resource Council Acquires New Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

Advisor Resource Council acquired a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the first quarter, HoldingsChannel reports. The institutional investor acquired 4,924 shares of the exchange traded fund’s stock, valued at approximately $227,000.

Other large investors have also made changes to their positions in the company. CWM LLC lifted its position in 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 worth $59,000 after buying an additional 333 shares during the period. Great Valley Advisor Group Inc. lifted its position in SPDR S&P Bank ETF by 6.2% during the fourth quarter. Great Valley Advisor Group Inc. now owns 7,522 shares of the exchange traded fund’s stock worth $346,000 after buying an additional 439 shares during the period. Capital Investment Counsel Inc lifted its position in 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 worth $112,000 after buying an additional 486 shares during the period. Toth Financial Advisory Corp lifted its position in SPDR S&P Bank ETF by 12.3% during the fourth quarter. Toth Financial Advisory Corp now owns 5,390 shares of the exchange traded fund’s stock worth $248,000 after buying an additional 590 shares during the period. Finally, ProVise Management Group LLC lifted its position in SPDR S&P Bank ETF by 0.4% during the fourth quarter. ProVise Management Group LLC now owns 169,286 shares of the exchange traded fund’s stock worth $7,791,000 after buying an additional 713 shares during the period.

SPDR S&P Bank ETF Stock Performance

NYSEARCA KBE traded down $0.63 during trading hours on Thursday, hitting $46.13. 666,765 shares of the company’s stock were exchanged, compared to its average volume of 2,007,273. The business’s 50 day moving average is $45.83 and its 200-day moving average is $45.30. The firm has a market capitalization of $1.35 billion, a P/E ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 12-month low of $33.97 and a 12-month high of $48.32.

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.