SPDR S&P Bank ETF (NYSEARCA:KBE) Sets New 52-Week High at $53.58

Shares of SPDR S&P Bank ETF (NYSEARCA:KBE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $53.58 and last traded at $53.18, with a volume of 418219 shares traded. The stock had previously closed at $52.85.

SPDR S&P Bank ETF Price Performance

The company’s 50-day moving average price is $46.64 and its 200-day moving average price is $45.61. The company has a market cap of $1.57 billion, a P/E ratio of 7.86 and a beta of 1.42.

Institutional Trading of SPDR S&P Bank ETF

A number of institutional investors have recently modified their holdings of the company. Lynx Investment Advisory bought a new stake in shares of SPDR S&P Bank ETF in the second quarter worth $45,000. CWM LLC increased its position 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 valued at $59,000 after acquiring an additional 333 shares during the last quarter. Capital Investment Counsel Inc raised its holdings in 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 worth $112,000 after acquiring an additional 486 shares in the last quarter. Fifth Third Bancorp boosted its position in SPDR S&P Bank ETF by 9.6% during the second quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock valued at $117,000 after purchasing an additional 220 shares during the last quarter. Finally, Clear Street Markets LLC bought a new position in SPDR S&P Bank ETF in the fourth quarter valued at approximately $129,000.

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.