Great Valley Advisor Group Inc. Raises Holdings in SPDR S&P Bank ETF (NYSEARCA:KBE)

Great Valley Advisor Group Inc. increased its holdings in SPDR S&P Bank ETF (NYSEARCA:KBE) by 6.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,522 shares of the exchange traded fund’s stock after acquiring an additional 439 shares during the quarter. Great Valley Advisor Group Inc.’s holdings in SPDR S&P Bank ETF were worth $346,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. NBC Securities Inc. bought a new position in shares of SPDR S&P Bank ETF during the third quarter valued at approximately $46,000. CWM LLC raised its position in shares of SPDR S&P Bank ETF by 34.7% in the 4th quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock worth $59,000 after acquiring an additional 333 shares in the last quarter. Capital Investment Counsel Inc purchased a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter worth $72,000. Banque Cantonale Vaudoise bought a new stake in SPDR S&P Bank ETF during the third quarter valued at about $81,000. Finally, Garde Capital Inc. purchased a new position in SPDR S&P Bank ETF in the third quarter valued at about $101,000.

SPDR S&P Bank ETF Stock Performance

Shares of SPDR S&P Bank ETF stock opened at $46.39 on Monday. SPDR S&P Bank ETF has a one year low of $30.85 and a one year high of $47.39. The company has a market capitalization of $1.36 billion, a PE ratio of 7.86 and a beta of 1.42. The company has a 50-day simple moving average of $45.07 and a two-hundred day simple moving average of $43.30.

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.