Ibex Wealth Advisors Invests $1.68 Million in SPDR S&P Bank ETF (NYSEARCA:KBE)

Ibex Wealth Advisors purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 30,344 shares of the exchange traded fund’s stock, valued at approximately $1,683,000.

A number of other large investors also recently modified their holdings of the business. Citigroup Inc. increased its position in shares of SPDR S&P Bank ETF by 372.7% during the third quarter. Citigroup Inc. now owns 1,339,899 shares of the exchange traded fund’s stock valued at $70,867,000 after purchasing an additional 1,056,448 shares during the period. Harel Insurance Investments & Financial Services Ltd. grew its position in SPDR S&P Bank ETF by 290.0% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock valued at $64,900,000 after acquiring an additional 870,000 shares during the period. Janney Capital Management LLC bought a new stake in SPDR S&P Bank ETF in the third quarter valued at $19,805,000. Tlwm bought a new stake in SPDR S&P Bank ETF in the fourth quarter valued at $17,871,000. Finally, Baker Avenue Asset Management LP bought a new stake in SPDR S&P Bank ETF in the third quarter valued at $2,822,000.

SPDR S&P Bank ETF Stock Up 1.0 %

NYSEARCA:KBE traded up $0.59 during trading hours on Wednesday, reaching $59.23. The company had a trading volume of 316,682 shares, compared to its average volume of 2,149,180. The stock has a 50-day moving average of $57.99 and a two-hundred day moving average of $55.03. SPDR S&P Bank ETF has a one year low of $42.13 and a one year high of $63.74. The firm has a market capitalization of $1.74 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.