Massmutual Trust Co. FSB ADV Makes New Investment in SPDR S&P Bank ETF (NYSEARCA:KBE)

Massmutual Trust Co. FSB ADV purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 2nd quarter, HoldingsChannel reports. The firm purchased 2,890 shares of the exchange traded fund’s stock, valued at approximately $134,000.

Other large investors also recently bought and sold shares of the company. Stratos Wealth Partners LTD. acquired a new position in shares of SPDR S&P Bank ETF during the 4th quarter worth about $937,000. IPG Investment Advisors LLC acquired a new stake in shares of SPDR S&P Bank ETF in the 4th quarter valued at about $920,000. CWM LLC boosted 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 valued at $59,000 after purchasing an additional 333 shares during the period. ProVise Management Group LLC boosted its position in shares of SPDR S&P Bank ETF by 0.4% in the 4th quarter. ProVise Management Group LLC now owns 169,286 shares of the exchange traded fund’s stock valued at $7,791,000 after purchasing an additional 713 shares during the period. Finally, Capital Investment Counsel Inc boosted its position in shares of SPDR S&P Bank ETF by 25.0% in the 4th quarter. Capital Investment Counsel Inc now owns 2,428 shares of the exchange traded fund’s stock valued at $112,000 after purchasing an additional 486 shares during the period.

SPDR S&P Bank ETF Trading Down 2.8 %

Shares of NYSEARCA KBE traded down $1.42 during trading hours on Monday, reaching $48.51. The stock had a trading volume of 4,167,512 shares, compared to its average volume of 2,124,127. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. SPDR S&P Bank ETF has a fifty-two week low of $33.97 and a fifty-two week high of $55.04. The firm has a 50-day moving average of $47.70 and a 200-day moving average of $46.11.

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.