Simplex Trading LLC Invests $3.72 Million in SPDR S&P Bank ETF (NYSEARCA:KBE)

Simplex Trading LLC purchased a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 66,990 shares of the exchange traded fund’s stock, valued at approximately $3,715,000.

Other institutional investors also recently bought and sold shares of the company. Evoke Wealth LLC purchased a new position in SPDR S&P Bank ETF in the 4th quarter valued at $281,000. Eldridge Investment Advisors Inc. acquired a new stake in shares of SPDR S&P Bank ETF in the fourth quarter valued at about $666,000. Corient Private Wealth LLC lifted its stake in shares of SPDR S&P Bank ETF by 22.6% in the fourth quarter. Corient Private Wealth LLC now owns 8,425 shares of the exchange traded fund’s stock worth $467,000 after buying an additional 1,551 shares in the last quarter. Commonwealth Equity Services LLC boosted its position in SPDR S&P Bank ETF by 9.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 31,574 shares of the exchange traded fund’s stock worth $1,751,000 after acquiring an additional 2,690 shares during the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in SPDR S&P Bank ETF during the fourth quarter worth about $14,443,000.

SPDR S&P Bank ETF Price Performance

KBE opened at $54.04 on Thursday. The firm has a market capitalization of $2.29 billion, a price-to-earnings ratio of 12.60 and a beta of 1.14. The company’s 50 day simple moving average is $56.44 and its two-hundred day simple moving average is $56.23. SPDR S&P Bank ETF has a 1-year low of $42.77 and a 1-year high of $63.74.

SPDR S&P Bank ETF Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, March 26th. Investors of record on Monday, March 24th were given a dividend of $0.3774 per share. The ex-dividend date was Monday, March 24th.

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.