SPDR S&P Bank ETF (NYSEARCA:KBE) Sees Unusually-High Trading Volume – What’s Next?

SPDR S&P Bank ETF (NYSEARCA:KBE) saw unusually-high trading volume on Wednesday . Approximately 3,337,277 shares changed hands during trading, an increase of 70% from the previous session’s volume of 1,960,399 shares.The stock last traded at $53.16 and had previously closed at $52.73.

SPDR S&P Bank ETF Stock Performance

The stock has a market capitalization of $2.02 billion, a P/E ratio of 12.58 and a beta of 0.99. The business has a 50-day moving average price of $56.05 and a 200 day moving average price of $56.31.

SPDR S&P Bank ETF Announces Dividend

The business also recently announced a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a $0.3774 dividend. The ex-dividend date of this dividend was Monday, March 24th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KBE. Total Wealth Planning & Management Inc. purchased a new position in SPDR S&P Bank ETF in the 4th quarter worth about $447,000. Heck Capital Advisors LLC bought a new stake in SPDR S&P Bank ETF in the 4th quarter worth approximately $51,000. Forum Financial Management LP bought a new position in shares of SPDR S&P Bank ETF during the 4th quarter valued at $942,000. Castlekeep Investment Advisors LLC purchased a new position in shares of SPDR S&P Bank ETF in the 4th quarter worth $5,150,000. Finally, GTS Securities LLC grew its holdings in shares of SPDR S&P Bank ETF by 128.8% in the fourth quarter. GTS Securities LLC now owns 4,400 shares of the exchange traded fund’s stock worth $244,000 after acquiring an additional 19,700 shares during the period.

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.