Investors sold shares of SPDR KBW Bank (NYSEARCA:KBE) on strength during trading on Wednesday. $20.70 million flowed into the stock on the tick-up and $39.73 million flowed out of the stock on the tick-down, for a money net flow of $19.03 million out of the stock. Of all companies tracked, SPDR KBW Bank had the 33rd highest net out-flow for the day. SPDR KBW Bank traded up $0.66 for the day and closed at $49.43
The stock has a market cap of $4,160.00 and a PE ratio of 9.56.
The business also recently declared a quarterly dividend, which was paid on Tuesday, December 26th. Investors of record on Monday, December 18th were given a dividend of $0.2133 per share. This represents a $0.85 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, December 15th. This is an increase from SPDR KBW Bank’s previous quarterly dividend of $0.17. SPDR KBW Bank’s dividend payout ratio is 12.14%.
Several institutional investors and hedge funds have recently added to or reduced their stakes in KBE. Private Advisor Group LLC raised its position in shares of SPDR KBW Bank by 33.2% during the 2nd quarter. Private Advisor Group LLC now owns 9,186 shares of the exchange traded fund’s stock worth $404,000 after purchasing an additional 2,289 shares during the last quarter. Franklin Resources Inc. grew its stake in SPDR KBW Bank by 71.2% during the 2nd quarter. Franklin Resources Inc. now owns 8,100 shares of the exchange traded fund’s stock valued at $353,000 after acquiring an additional 3,370 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in SPDR KBW Bank by 0.8% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,573 shares of the exchange traded fund’s stock valued at $547,000 after acquiring an additional 105 shares in the last quarter. D.A. Davidson & CO. grew its stake in SPDR KBW Bank by 7.5% during the 2nd quarter. D.A. Davidson & CO. now owns 12,970 shares of the exchange traded fund’s stock valued at $564,000 after acquiring an additional 905 shares in the last quarter. Finally, Northern Trust Corp grew its stake in SPDR KBW Bank by 26.1% during the 2nd quarter. Northern Trust Corp now owns 8,108 shares of the exchange traded fund’s stock valued at $353,000 after acquiring an additional 1,677 shares in the last quarter.
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About SPDR KBW Bank
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.
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