SPDR S&P Bank ETF (NYSEARCA:KBE) Stock Passes Above 200 Day Moving Average – Should You Sell?

SPDR S&P Bank ETF (NYSEARCA:KBE)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $59.33 and traded as high as $63.19. SPDR S&P Bank ETF shares last traded at $62.33, with a volume of 1,829,539 shares changing hands.

SPDR S&P Bank ETF Price Performance

The company has a fifty day moving average price of $60.79 and a two-hundred day moving average price of $59.33. The company has a market capitalization of $1.39 billion, a P/E ratio of 12.60 and a beta of 0.97.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Wagner Wealth Management LLC bought a new position in SPDR S&P Bank ETF in the third quarter worth approximately $29,000. Monetary Management Group Inc. bought a new stake in SPDR S&P Bank ETF during the third quarter worth $30,000. FWL Investment Management LLC bought a new position in SPDR S&P Bank ETF during the third quarter valued at about $32,000. Ameritas Advisory Services LLC purchased a new stake in SPDR S&P Bank ETF in the second quarter worth $35,000. Finally, HHM Wealth Advisors LLC lifted its holdings in SPDR S&P Bank ETF by 3,886.4% during the third quarter. HHM Wealth Advisors LLC now owns 877 shares of the exchange traded fund’s stock valued at $52,000 after purchasing an additional 855 shares during the last quarter.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).