Oppenheimer & Co. Inc. bought a new position in SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,676 shares of the exchange traded fund’s stock, valued at approximately $801,000.
A number of other hedge funds have also recently added to or reduced their stakes in KBE. Park Avenue Securities LLC acquired a new stake in shares of SPDR S&P Bank ETF during the third quarter worth $249,000. Segment Wealth Management LLC bought a new stake in SPDR S&P Bank ETF in the third quarter worth approximately $1,106,000. Deroy & Devereaux Private Investment Counsel Inc. acquired a new stake in SPDR S&P Bank ETF in the third quarter worth $392,000. Samalin Investment Counsel LLC acquired a new position in shares of SPDR S&P Bank ETF during the third quarter valued at about $474,000. Finally, Valley National Advisers Inc. bought a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth about $33,000.
SPDR S&P Bank ETF Price Performance
Shares of SPDR S&P Bank ETF stock opened at $66.59 on Wednesday. The business has a 50-day simple moving average of $65.81 and a 200 day simple moving average of $65.08. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92. SPDR S&P Bank ETF has a one year low of $54.85 and a one year high of $71.92.
About SPDR S&P Bank ETF
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