Courier Capital LLC Buys New Stake in SPDR S&P Bank ETF $KBE

Courier Capital LLC bought a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 25,218 shares of the exchange traded fund’s stock, valued at approximately $1,594,000. Courier Capital LLC owned about 0.11% of SPDR S&P Bank ETF at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in KBE. CX Institutional acquired a new stake in SPDR S&P Bank ETF during the 3rd quarter worth approximately $28,000. Timbuktu Capital Management LLC bought a new stake in SPDR S&P Bank ETF in the 2nd quarter valued at $41,000. Ameritas Advisory Services LLC acquired a new position in SPDR S&P Bank ETF in the 2nd quarter valued at $44,000. MWA Asset Management acquired a new position in SPDR S&P Bank ETF in the 1st quarter valued at $56,000. Finally, Armstrong Advisory Group Inc. acquired a new position in SPDR S&P Bank ETF in the 3rd quarter valued at $59,000.

SPDR S&P Bank ETF Trading Down 0.7%

KBE stock traded down $0.45 during trading hours on Tuesday, hitting $62.94. 1,893,924 shares of the stock were exchanged, compared to its average volume of 1,968,973. The firm has a market capitalization of $1.46 billion, a P/E ratio of 12.60 and a beta of 0.92. The company has a 50-day simple moving average of $67.47 and a two-hundred day simple moving average of $65.95. SPDR S&P Bank ETF has a 12 month low of $54.64 and a 12 month high of $71.92.

SPDR S&P Bank ETF 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).