C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases New Stake in SPDR S&P Bank ETF (NYSEARCA:KBE)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 9,735 shares of the exchange traded fund’s stock, valued at approximately $540,000.

Other large investors also recently added to or reduced their stakes in the company. US Bancorp DE lifted its stake in shares of SPDR S&P Bank ETF by 678.9% in the 3rd quarter. US Bancorp DE now owns 740 shares of the exchange traded fund’s stock valued at $39,000 after purchasing an additional 645 shares during the period. New Wave Wealth Advisors LLC acquired a new position in SPDR S&P Bank ETF in the fourth quarter valued at about $46,000. Heck Capital Advisors LLC bought a new position in SPDR S&P Bank ETF during the fourth quarter worth about $51,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of SPDR S&P Bank ETF during the 4th quarter worth about $64,000. Finally, RPg Family Wealth Advisory LLC acquired a new position in shares of SPDR S&P Bank ETF during the 3rd quarter worth about $84,000.

SPDR S&P Bank ETF Price Performance

Shares of NYSEARCA:KBE opened at $58.75 on Thursday. The company has a market capitalization of $1.72 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42. The firm’s 50 day simple moving average is $57.30 and its 200 day simple moving average is $55.70. SPDR S&P Bank ETF has a fifty-two week low of $42.77 and a fifty-two week high of $63.74.

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.