Heck Capital Advisors LLC Acquires New Shares in SPDR S&P Bank ETF (NYSEARCA:KBE)

Heck Capital Advisors LLC bought a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 925 shares of the exchange traded fund’s stock, valued at approximately $51,000.

Other hedge funds have also recently modified their holdings of the company. US Bancorp DE increased its holdings in SPDR S&P Bank ETF by 678.9% in the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock worth $39,000 after buying an additional 645 shares in the last quarter. New Wave Wealth Advisors LLC bought a new stake in shares of SPDR S&P Bank ETF in the fourth quarter worth approximately $46,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $64,000. RPg Family Wealth Advisory LLC bought a new position in SPDR S&P Bank ETF during the third quarter valued at approximately $84,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in SPDR S&P Bank ETF in the third quarter worth approximately $88,000.

SPDR S&P Bank ETF Trading Down 0.4 %

NYSEARCA:KBE opened at $58.87 on Monday. The company has a market cap of $1.73 billion, a PE ratio of 7.86 and a beta of 1.42. The company has a 50 day simple moving average of $57.90 and a two-hundred day simple moving average of $55.18. SPDR S&P Bank ETF has a 12 month low of $42.13 and a 12 month high of $63.74.

SPDR S&P Bank ETF 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.