Evoke Wealth LLC Takes Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Evoke Wealth LLC purchased a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 5,070 shares of the exchange traded fund’s stock, valued at approximately $281,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. FMR LLC increased its stake in shares of SPDR S&P Bank ETF by 20.6% during the 3rd quarter. FMR LLC now owns 4,309 shares of the exchange traded fund’s stock worth $229,000 after purchasing an additional 736 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth approximately $295,000. Janney Montgomery Scott LLC increased its stake in shares of SPDR S&P Bank ETF by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 17,759 shares of the exchange traded fund’s stock worth $985,000 after purchasing an additional 278 shares in the last quarter. Truist Financial Corp increased its stake in shares of SPDR S&P Bank ETF by 7.0% during the 4th quarter. Truist Financial Corp now owns 9,972 shares of the exchange traded fund’s stock worth $553,000 after purchasing an additional 649 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC increased its stake in shares of SPDR S&P Bank ETF by 43.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,655 shares of the exchange traded fund’s stock worth $702,000 after purchasing an additional 3,815 shares in the last quarter.

SPDR S&P Bank ETF Price Performance

Shares of KBE opened at $53.67 on Thursday. The stock has a market cap of $2.28 billion, a price-to-earnings ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a 1-year low of $42.77 and a 1-year high of $63.74. The firm has a 50 day simple moving average of $56.58 and a 200-day simple moving average of $56.19.

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.