New Wave Wealth Advisors LLC Purchases New Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

New Wave Wealth Advisors LLC bought a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 828 shares of the exchange traded fund’s stock, valued at approximately $46,000.

A number of other large investors have also modified their holdings of the stock. Institute for Wealth Management LLC. boosted its holdings in SPDR S&P Bank ETF by 4.3% in the 4th quarter. Institute for Wealth Management LLC. now owns 4,606 shares of the exchange traded fund’s stock worth $255,000 after acquiring an additional 189 shares during the period. American Institute for Advanced Investment Management LLP acquired a new position in shares of SPDR S&P Bank ETF during the fourth quarter worth $362,000. Ibex Wealth Advisors purchased a new position in shares of SPDR S&P Bank ETF in the fourth quarter valued at $1,683,000. Harel Insurance Investments & Financial Services Ltd. grew its holdings in SPDR S&P Bank ETF by 290.0% during the 4th quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock valued at $64,900,000 after purchasing an additional 870,000 shares in the last quarter. Finally, Mutual Advisors LLC increased its stake in SPDR S&P Bank ETF by 95.9% during the 4th quarter. Mutual Advisors LLC now owns 11,116 shares of the exchange traded fund’s stock worth $635,000 after buying an additional 5,443 shares during the period.

SPDR S&P Bank ETF Stock Performance

NYSEARCA:KBE opened at $58.87 on Friday. The business’s 50-day simple moving average is $57.90 and its 200 day simple moving average is $55.14. SPDR S&P Bank ETF has a one year low of $42.13 and a one year high of $63.74. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

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.