SPDR S&P Bank ETF (NYSEARCA:KBE) Stock Price Crosses Below 200-Day Moving Average – Here’s What Happened

SPDR S&P Bank ETF (NYSEARCA:KBE)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $60.75 and traded as low as $58.00. SPDR S&P Bank ETF shares last traded at $58.22, with a volume of 1,866,288 shares traded.

SPDR S&P Bank ETF Stock Up 0.7%

The business has a 50-day moving average price of $62.85 and a 200-day moving average price of $60.71. The firm has a market capitalization of $1.39 billion, a P/E ratio of 12.60 and a beta of 0.97.

Hedge Funds Weigh In On SPDR S&P Bank ETF

A number of hedge funds have recently made changes to their positions in the business. Wagner Wealth Management LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 3rd quarter valued at about $29,000. Monetary Management Group Inc. acquired a new position in SPDR S&P Bank ETF in the third quarter worth about $30,000. FWL Investment Management LLC acquired a new stake in SPDR S&P Bank ETF during the third quarter valued at approximately $32,000. Advocate Investing Services LLC bought a new stake in shares of SPDR S&P Bank ETF in the 4th quarter valued at approximately $43,000. Finally, Camelot Portfolios LLC acquired a new position in shares of SPDR S&P Bank ETF in the 4th quarter worth approximately $50,000.

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. 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).