Migdal Insurance & Financial Holdings Ltd. Acquires Shares of 780,000 SPDR S&P Bank ETF (NYSEARCA:KBE)

Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 4th quarter, Holdings Channel.com reports. The fund acquired 780,000 shares of the exchange traded fund’s stock, valued at approximately $35,896,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Tyler Stone Wealth Management purchased a new position in shares of SPDR S&P Bank ETF in the 2nd quarter worth about $29,000. Ancora Advisors LLC bought a new stake in SPDR S&P Bank ETF in the 1st quarter worth about $33,000. Clear Street Markets LLC increased its holdings in 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 worth $41,000 after buying an additional 20,000 shares in the last quarter. NBC Securities Inc. bought a new stake in SPDR S&P Bank ETF in the 3rd quarter worth about $46,000. Finally, Capital Investment Counsel Inc bought a new stake in SPDR S&P Bank ETF in the 3rd quarter worth about $72,000.

SPDR S&P Bank ETF Price Performance

NYSEARCA KBE traded up $0.31 during trading hours on Wednesday, hitting $43.36. The company’s stock had a trading volume of 1,108,433 shares, compared to its average volume of 2,429,640. SPDR S&P Bank ETF has a 12 month low of $30.85 and a 12 month high of $47.39. The company’s 50 day simple moving average is $44.77 and its two-hundred day simple moving average is $42.51. The company has a market cap of $1.32 billion, a P/E ratio of 7.76 and a beta of 1.42.

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.