SPDR S&P Bank ETF (NYSEARCA:KBE) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $43.75. SPDR S&P Bank ETF shares last traded at $43.67, with a volume of 90,902 shares traded.
The company has a 50-day simple moving average of $42.88.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. lifted its position in SPDR S&P Bank ETF by 3,114.5% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 2,218 shares of the exchange traded fund’s stock valued at $83,000 after acquiring an additional 2,149 shares in the last quarter. Two Sigma Investments LP bought a new stake in SPDR S&P Bank ETF in the 4th quarter valued at $5,507,000. Clarfeld Financial Advisors LLC bought a new stake in SPDR S&P Bank ETF in the 4th quarter valued at $104,000. Surevest Inc. bought a new stake in SPDR S&P Bank ETF in the 4th quarter valued at $1,562,000. Finally, Tibra Equities Europe Ltd bought a new stake in SPDR S&P Bank ETF in the 1st quarter valued at $34,431,000.
About SPDR S&P Bank ETF (NYSEARCA:KBE)
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.
See Also: Capital Gains
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