Courier Capital LLC Makes New $1.59 Million Investment in SPDR S&P Bank ETF $KBE

Courier Capital LLC acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 25,218 shares of the exchange traded fund’s stock, valued at approximately $1,594,000.

A number of other large investors also recently added to or reduced their stakes in KBE. Accel Wealth Management acquired a new stake in shares of SPDR S&P Bank ETF in the third quarter valued at about $272,000. Armstrong Advisory Group Inc. purchased a new stake in shares of SPDR S&P Bank ETF during the third quarter worth about $59,000. Graves Light Lenhart Wealth Inc. purchased a new stake in shares of SPDR S&P Bank ETF during the third quarter worth about $512,000. Farther Finance Advisors LLC acquired a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth about $306,000. Finally, CoreCap Advisors LLC acquired a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth about $67,000.

SPDR S&P Bank ETF Price Performance

SPDR S&P Bank ETF stock traded down $0.45 during midday trading on Tuesday, reaching $62.94. The company had a trading volume of 1,893,924 shares, compared to its average volume of 1,968,973. The company has a market capitalization of $1.46 billion, a P/E ratio of 12.60 and a beta of 0.92. SPDR S&P Bank ETF has a 12-month low of $54.64 and a 12-month high of $71.92. The firm’s fifty day simple moving average is $67.47 and its 200-day simple moving average is $65.95.

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. 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).