New Wave Wealth Advisors LLC Purchases Shares of 828 SPDR S&P Bank ETF (NYSEARCA:KBE)

New Wave Wealth Advisors LLC acquired a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 828 shares of the exchange traded fund’s stock, valued at approximately $46,000.

Other large investors have also modified their holdings of the company. US Bancorp DE lifted its position in SPDR S&P Bank ETF by 678.9% during the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after acquiring an additional 645 shares during the last quarter. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P Bank ETF during the 4th quarter worth about $64,000. RPg Family Wealth Advisory LLC acquired a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth about $84,000. Wilmington Savings Fund Society FSB bought a new stake in SPDR S&P Bank ETF during the 3rd quarter valued at approximately $88,000. Finally, Balentine LLC acquired a new stake in SPDR S&P Bank ETF in the 3rd quarter valued at approximately $140,000.

SPDR S&P Bank ETF Stock Down 0.4 %

Shares of NYSEARCA KBE opened at $58.87 on Friday. SPDR S&P Bank ETF has a 12 month low of $42.13 and a 12 month high of $63.74. The company has a market cap of $1.73 billion, a P/E ratio of 7.86 and a beta of 1.42. The business’s 50 day moving average is $57.90 and its two-hundred day moving average is $55.14.

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.