Lynx Investment Advisory Makes New $45,000 Investment in SPDR S&P Bank ETF (NYSEARCA:KBE)

Lynx Investment Advisory bought a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 980 shares of the exchange traded fund’s stock, valued at approximately $45,000.

Several other institutional investors also recently modified their holdings of KBE. Raymond James Financial Services Advisors Inc. grew its stake in SPDR S&P Bank ETF by 97.9% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 76,725 shares of the exchange traded fund’s stock valued at $3,531,000 after purchasing an additional 37,959 shares during the period. International Assets Investment Management LLC bought a new stake in SPDR S&P Bank ETF in the fourth quarter worth about $3,057,000. Sowell Financial Services LLC purchased a new position in SPDR S&P Bank ETF in the fourth quarter valued at about $700,000. Stratos Wealth Partners LTD. bought a new position in shares of SPDR S&P Bank ETF during the 4th quarter valued at approximately $937,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of SPDR S&P Bank ETF during the 4th quarter valued at approximately $607,000.

SPDR S&P Bank ETF Trading Down 0.3 %

Shares of NYSEARCA:KBE traded down $0.16 during mid-day trading on Wednesday, reaching $48.61. The company had a trading volume of 1,029,242 shares, compared to its average volume of 2,116,568. The firm has a market cap of $1.43 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The company’s 50-day moving average price is $47.74 and its 200-day moving average price is $46.14. SPDR S&P Bank ETF has a one year low of $33.97 and a one year high of $55.04.

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.