VCI Wealth Management LLC Invests $1.35 Million in SPDR S&P Bank ETF (NYSEARCA:KBE)

VCI Wealth Management LLC acquired a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,372 shares of the exchange traded fund’s stock, valued at approximately $1,352,000. VCI Wealth Management LLC owned approximately 0.09% of SPDR S&P Bank ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Harvest Fund Management Co. Ltd grew its stake in SPDR S&P Bank ETF by 143.1% during 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 acquiring an additional 7,001 shares in the last quarter. RWA Wealth Partners LLC purchased a new position in SPDR S&P Bank ETF during the fourth quarter valued at $3,517,000. North Star Asset Management Inc. grew 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 valued at $601,000 after acquiring an additional 1,602 shares in the last quarter. CWM LLC grew 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 valued at $59,000 after acquiring an additional 333 shares in the last quarter. Finally, Institute for Wealth Management LLC. purchased a new position in SPDR S&P Bank ETF during the fourth quarter valued at $204,000.

SPDR S&P Bank ETF Trading Down 1.1 %

KBE traded down $0.51 during trading on Thursday, hitting $45.45. 1,199,013 shares of the company traded hands, compared to its average volume of 2,363,025. SPDR S&P Bank ETF has a 1 year low of $30.85 and a 1 year high of $47.39. The company has a market cap of $1.39 billion, a PE ratio of 7.76 and a beta of 1.42. The stock’s 50-day simple moving average is $44.91 and its two-hundred day simple moving average is $42.83.

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.