Axxcess Wealth Management LLC Acquires New Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

Axxcess Wealth Management LLC bought a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 124,898 shares of the exchange traded fund’s stock, valued at approximately $5,748,000. Axxcess Wealth Management LLC owned approximately 0.36% of SPDR S&P Bank ETF at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in shares of SPDR S&P Bank ETF in the third quarter worth $46,000. CWM LLC raised its holdings in SPDR S&P Bank ETF by 34.7% during the fourth quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 333 shares in the last quarter. Capital Investment Counsel Inc acquired a new position in SPDR S&P Bank ETF during the third quarter valued at approximately $72,000. Banque Cantonale Vaudoise bought a new position in SPDR S&P Bank ETF in the third quarter valued at approximately $81,000. Finally, Garde Capital Inc. bought a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth approximately $101,000.

SPDR S&P Bank ETF Stock Up 1.2 %

Shares of NYSEARCA KBE traded up $0.53 during trading hours on Friday, hitting $46.39. The company had a trading volume of 1,920,450 shares, compared to its average volume of 2,322,135. The stock has a market capitalization of $1.36 billion, a P/E ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a 1-year low of $30.85 and a 1-year high of $47.39. The firm’s 50 day moving average is $45.07 and its 200-day moving average is $43.22.

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.