MRA Advisory Group Buys New Shares in SPDR S&P Bank ETF $KBE

MRA Advisory Group purchased a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the third quarter, Holdings Channel.com reports. The firm purchased 112,569 shares of the exchange traded fund’s stock, valued at approximately $7,117,000. SPDR S&P Bank ETF makes up approximately 2.6% of MRA Advisory Group’s investment portfolio, making the stock its 11th biggest holding.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. CX Institutional bought a new position in SPDR S&P Bank ETF in the 3rd quarter worth approximately $28,000. Timbuktu Capital Management LLC bought a new position in shares of SPDR S&P Bank ETF during the second quarter worth $41,000. Ameritas Advisory Services LLC bought a new position in shares of SPDR S&P Bank ETF during the second quarter worth $44,000. MWA Asset Management purchased a new position in SPDR S&P Bank ETF during the first quarter valued at $56,000. Finally, Ancora Advisors LLC bought a new stake in SPDR S&P Bank ETF in the 2nd quarter valued at $118,000.

SPDR S&P Bank ETF Price Performance

Shares of KBE stock traded down $0.82 during trading hours on Wednesday, hitting $63.09. The stock had a trading volume of 1,141,644 shares, compared to its average volume of 1,969,565. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 12.60 and a beta of 0.92. SPDR S&P Bank ETF has a one year low of $54.64 and a one year high of $71.92. The stock’s 50-day moving average price is $68.00 and its two-hundred day moving average price is $65.81.

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. 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).