Great Valley Advisor Group Inc. Boosts Stock Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Great Valley Advisor Group Inc. lifted its stake in SPDR S&P Bank ETF (NYSEARCA:KBE) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,522 shares of the exchange traded fund’s stock after buying an additional 439 shares during the period. Great Valley Advisor Group Inc.’s holdings in SPDR S&P Bank ETF were worth $346,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of KBE. CWM LLC increased its stake in shares of SPDR S&P Bank ETF by 34.7% in the fourth quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 333 shares during the period. Capital Investment Counsel Inc raised its stake in shares of SPDR S&P Bank ETF by 25.0% during the fourth quarter. Capital Investment Counsel Inc now owns 2,428 shares of the exchange traded fund’s stock valued at $112,000 after acquiring an additional 486 shares during the last quarter. Toth Financial Advisory Corp grew its stake in shares of SPDR S&P Bank ETF by 12.3% in the fourth quarter. Toth Financial Advisory Corp now owns 5,390 shares of the exchange traded fund’s stock worth $248,000 after purchasing an additional 590 shares during the last quarter. Mutual Advisors LLC increased its holdings in SPDR S&P Bank ETF by 10.3% during the 3rd quarter. Mutual Advisors LLC now owns 6,856 shares of the exchange traded fund’s stock valued at $253,000 after purchasing an additional 641 shares during the period. Finally, SOL Capital Management CO raised its position in SPDR S&P Bank ETF by 19.7% during the 4th quarter. SOL Capital Management CO now owns 6,907 shares of the exchange traded fund’s stock valued at $318,000 after purchasing an additional 1,136 shares during the last quarter.

SPDR S&P Bank ETF Stock Performance

KBE opened at $46.39 on Monday. The stock’s 50 day moving average price is $45.07 and its 200-day moving average price is $43.30. SPDR S&P Bank ETF has a 52-week low of $30.85 and a 52-week high of $47.39. The stock has a market capitalization of $1.36 billion, a PE 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.