Koshinski Asset Management Inc. Buys 5,366 Shares of SPDR S&P Bank ETF (NYSEARCA:KBE)

Koshinski Asset Management Inc. boosted its stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 93.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 11,096 shares of the exchange traded fund’s stock after purchasing an additional 5,366 shares during the period. Koshinski Asset Management Inc.’s holdings in SPDR S&P Bank ETF were worth $511,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Tyler Stone Wealth Management bought a new stake in shares of SPDR S&P Bank ETF in the 2nd quarter valued at about $29,000. Ancora Advisors LLC bought a new stake in shares of SPDR S&P Bank ETF in the 1st quarter valued at about $33,000. Clear Street Markets LLC raised its holdings in shares of SPDR S&P Bank ETF by 104.7% in the 4th quarter. Clear Street Markets LLC now owns 900 shares of the exchange traded fund’s stock valued at $41,000 after purchasing an additional 20,000 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter valued at about $46,000. Finally, Capital Investment Counsel Inc bought a new stake in shares of SPDR S&P Bank ETF in the 3rd quarter valued at about $72,000.

SPDR S&P Bank ETF Stock Performance

NYSEARCA:KBE opened at $43.79 on Monday. The firm has a 50-day simple moving average of $44.77 and a 200-day simple moving average of $42.42. SPDR S&P Bank ETF has a one year low of $30.85 and a one year high of $47.39. The firm has a market cap of $1.34 billion, a P/E ratio of 7.76 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.