Avitas Wealth Management LLC Makes New Investment in SPDR S&P Bank ETF (NYSEARCA:KBE)

Avitas Wealth Management LLC acquired a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,278 shares of the exchange traded fund’s stock, valued at approximately $226,000.

A number of other large investors have also recently made changes to their positions in KBE. Lynx Investment Advisory bought a new position in SPDR S&P Bank ETF in the 2nd quarter worth $45,000. Fifth Third Bancorp boosted its stake in shares of SPDR S&P Bank ETF by 9.6% in the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock worth $117,000 after acquiring an additional 220 shares during the period. Massmutual Trust Co. FSB ADV purchased a new stake in shares of SPDR S&P Bank ETF during the second quarter worth about $134,000. Harbour Investments Inc. lifted its holdings in SPDR S&P Bank ETF by 10.2% in the 2nd quarter. Harbour Investments Inc. now owns 3,721 shares of the exchange traded fund’s stock worth $173,000 after purchasing an additional 343 shares in the last quarter. Finally, Sovereign Financial Group Inc. bought a new position in SPDR S&P Bank ETF in the 3rd quarter worth approximately $208,000.

SPDR S&P Bank ETF Stock Performance

KBE stock opened at $55.47 on Thursday. The company’s fifty day moving average price is $53.14 and its 200-day moving average price is $49.44. SPDR S&P Bank ETF has a one year low of $34.92 and a one year high of $56.41. The company has a market capitalization of $1.63 billion, a PE ratio of 7.86 and a beta of 1.42.

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.