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

Shares of SPDR S&P Bank ETF (NYSEARCA:KBE) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $60.70 and traded as high as $63.56. SPDR S&P Bank ETF shares last traded at $63.11, with a volume of 2,183,787 shares changing hands.

SPDR S&P Bank ETF Stock Performance

The business has a 50 day moving average price of $61.64 and a two-hundred day moving average price of $60.70. The company has a market cap of $1.42 billion, a P/E ratio of 12.60 and a beta of 0.93.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. lifted its stake in SPDR S&P Bank ETF by 21.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 8,153 shares of the exchange traded fund’s stock worth $495,000 after acquiring an additional 1,450 shares during the period. Cedarwood Wealth LLC purchased a new position in SPDR S&P Bank ETF during the 4th quarter valued at $248,000. EP Wealth Advisors LLC bought a new position in SPDR S&P Bank ETF in the 4th quarter worth $250,000. Toronto Dominion Bank raised its holdings in SPDR S&P Bank ETF by 100,175.0% in the 4th quarter. Toronto Dominion Bank now owns 4,011 shares of the exchange traded fund’s stock worth $243,000 after purchasing an additional 4,007 shares in the last quarter. Finally, Caption Management LLC purchased a new stake in shares of SPDR S&P Bank ETF in the 4th quarter worth about $4,248,000.

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).