Value Investment Professionals LLC Invests $681,000 in SPDR S&P Bank ETF $KBE

Value Investment Professionals LLC acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,433 shares of the exchange traded fund’s stock, valued at approximately $681,000.

Other institutional investors and hedge funds have also modified their holdings of the company. FWL Investment Management LLC acquired a new stake in SPDR S&P Bank ETF during the third quarter worth approximately $32,000. Advocate Investing Services LLC acquired a new position in SPDR S&P Bank ETF in the 4th quarter valued at $43,000. Camelot Portfolios LLC purchased a new position in shares of SPDR S&P Bank ETF during the 4th quarter worth $50,000. EFG International AG purchased a new position in shares of SPDR S&P Bank ETF during the 4th quarter worth $76,000. Finally, Capital Investment Counsel Inc acquired a new stake in shares of SPDR S&P Bank ETF during the fourth quarter worth $86,000.

SPDR S&P Bank ETF Price Performance

KBE stock opened at $68.62 on Friday. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 12.60 and a beta of 0.89. SPDR S&P Bank ETF has a 52-week low of $54.42 and a 52-week high of $69.93. The stock’s fifty day simple moving average is $64.78 and its 200-day simple moving average is $63.18.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).