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

SPDR S&P Bank ETF (NYSEARCA:KBE)’s share price hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $48.53 and last traded at $48.38, with a volume of 651421 shares. The stock had previously closed at $47.15.

SPDR S&P Bank ETF Price Performance

The firm’s 50 day moving average price is $45.93 and its 200-day moving average price is $45.31. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

Institutional Investors Weigh In On SPDR S&P Bank ETF

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Csenge Advisory Group acquired a new stake in SPDR S&P Bank ETF during the second quarter worth $779,000. Lynx Investment Advisory acquired a new stake in SPDR S&P Bank ETF during the second quarter worth $45,000. Massmutual Trust Co. FSB ADV acquired a new stake in SPDR S&P Bank ETF during the second quarter worth $134,000. Cetera Advisors LLC boosted its stake in SPDR S&P Bank ETF by 252.9% during the first quarter. Cetera Advisors LLC now owns 20,224 shares of the exchange traded fund’s stock worth $953,000 after buying an additional 14,493 shares in the last quarter. Finally, Vima LLC lifted its holdings in shares of SPDR S&P Bank ETF by 7.0% during the first quarter. Vima LLC now owns 12,879 shares of the exchange traded fund’s stock valued at $607,000 after acquiring an additional 842 shares during the period.

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.