SPDR S&P Bank ETF (NYSEARCA:KBE) Shares Pass Above 200-Day Moving Average – Here’s What Happened

SPDR S&P Bank ETF (NYSEARCA:KBE) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $59.55 and traded as high as $63.71. SPDR S&P Bank ETF shares last traded at $63.00, with a volume of 1,887,989 shares.

SPDR S&P Bank ETF Stock Down 0.5%

The firm has a market capitalization of $1.44 billion, a PE ratio of 12.60 and a beta of 0.97. The business has a 50-day moving average price of $61.64 and a 200-day moving average price of $59.55.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KBE. Chicago Partners Investment Group LLC acquired a new position in shares of SPDR S&P Bank ETF during the 4th quarter valued at about $489,000. Sage Advisory Services Ltd.Co. acquired a new position in SPDR S&P Bank ETF in the 4th quarter valued at about $4,501,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in SPDR S&P Bank ETF in the 4th quarter valued at about $173,000. Capital Investment Counsel Inc purchased a new stake in shares of SPDR S&P Bank ETF in the 4th quarter valued at approximately $86,000. Finally, South Shore Capital Advisors acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth approximately $508,000.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).