VCI Wealth Management LLC Acquires New Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

VCI Wealth Management LLC acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 29,372 shares of the exchange traded fund’s stock, valued at approximately $1,352,000.

A number of other hedge funds have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd grew its holdings in shares of SPDR S&P Bank ETF by 143.1% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 11,892 shares of the exchange traded fund’s stock valued at $547,000 after purchasing an additional 7,001 shares during the period. RWA Wealth Partners LLC purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $3,517,000. North Star Asset Management Inc. boosted its stake in SPDR S&P Bank ETF by 14.0% during the fourth quarter. North Star Asset Management Inc. now owns 13,049 shares of the exchange traded fund’s stock worth $601,000 after buying an additional 1,602 shares during the period. CWM LLC boosted its stake in SPDR S&P Bank ETF by 34.7% during the fourth quarter. CWM LLC now owns 1,292 shares of the exchange traded fund’s stock worth $59,000 after buying an additional 333 shares during the period. Finally, Institute for Wealth Management LLC. purchased a new position in SPDR S&P Bank ETF during the fourth quarter worth about $204,000.

SPDR S&P Bank ETF Stock Down 1.1 %

KBE stock traded down $0.51 during mid-day trading on Thursday, hitting $45.45. 1,199,013 shares of the company were exchanged, compared to its average volume of 2,363,025. The firm has a market capitalization of $1.39 billion, a P/E ratio of 7.76 and a beta of 1.42. The business has a fifty day simple moving average of $44.91 and a 200-day simple moving average of $42.83. SPDR S&P Bank ETF has a 12-month low of $30.85 and a 12-month high of $47.39.

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.