GFG Capital LLC Invests $446,000 in SPDR S&P Bank ETF (NYSEARCA:KBE)

GFG Capital LLC purchased a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,048 shares of the exchange traded fund’s stock, valued at approximately $446,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. US Bancorp DE lifted its holdings in shares of 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 valued at $39,000 after buying an additional 645 shares during the period. New Wave Wealth Advisors LLC acquired a new position in shares of SPDR S&P Bank ETF in the 4th quarter valued at $46,000. Heck Capital Advisors LLC purchased a new stake in SPDR S&P Bank ETF during the fourth quarter worth $51,000. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in SPDR S&P Bank ETF during the fourth quarter valued at $64,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter valued at about $84,000.

SPDR S&P Bank ETF Trading Up 0.5 %

NYSEARCA KBE opened at $58.43 on Friday. SPDR S&P Bank ETF has a twelve month low of $42.77 and a twelve month high of $63.74. The stock has a 50-day moving average of $57.45 and a 200 day moving average of $55.49. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

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.