Vicus Capital Takes Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Vicus Capital bought a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 52,184 shares of the exchange traded fund’s stock, valued at approximately $2,895,000. Vicus Capital owned about 0.18% of SPDR S&P Bank ETF as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KBE. Citigroup Inc. grew its holdings in SPDR S&P Bank ETF by 372.7% in the 3rd quarter. Citigroup Inc. now owns 1,339,899 shares of the exchange traded fund’s stock valued at $70,867,000 after buying an additional 1,056,448 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its position in shares of SPDR S&P Bank ETF by 290.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock worth $64,900,000 after buying an additional 870,000 shares during the period. Janney Capital Management LLC bought a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth approximately $19,805,000. Tlwm bought a new position in SPDR S&P Bank ETF in the 4th quarter valued at $17,871,000. Finally, Baker Avenue Asset Management LP bought a new position in SPDR S&P Bank ETF in the 3rd quarter valued at $2,822,000.

SPDR S&P Bank ETF Stock Performance

Shares of KBE opened at $58.43 on Friday. The stock has a fifty day moving average price of $57.45 and a two-hundred day moving average price of $55.49. SPDR S&P Bank ETF has a 52-week low of $42.77 and a 52-week high of $63.74. The company has a market cap of $1.71 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

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.