Vectors Research Management LLC Acquires New Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Vectors Research Management LLC bought a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,215 shares of the exchange traded fund’s stock, valued at approximately $217,000.

Other large investors also recently bought and sold shares of the company. Baker Avenue Asset Management LP purchased a new stake in SPDR S&P Bank ETF during the 3rd quarter valued at about $2,822,000. Transcendent Capital Group LLC purchased a new position in SPDR S&P Bank ETF during the 3rd quarter worth approximately $1,661,000. XML Financial LLC acquired a new stake in SPDR S&P Bank ETF during the 3rd quarter valued at approximately $279,000. Objective Capital Management LLC purchased a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter valued at $400,000. Finally, Balentine LLC acquired a new stake in shares of SPDR S&P Bank ETF in the third quarter worth $140,000.

SPDR S&P Bank ETF Trading Down 0.8 %

Shares of NYSEARCA:KBE opened at $59.91 on Friday. SPDR S&P Bank ETF has a 12-month low of $38.97 and a 12-month high of $61.87. The business has a 50 day moving average of $54.12 and a two-hundred day moving average of $50.38. The company has a market capitalization of $1.76 billion, a PE ratio of 7.86 and a beta of 1.42.

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.