In trading on Wednesday, shares of SVB Financial Group (Symbol: SIVB) crossed below their 200 day moving average of $102.65, changing hands as low as $100.40 per share. SVB Financial Group shares are currently trading off about 1.8% on the day. The chart below shows the one year performance of SIVB shares, versus its 200 day moving average:
Looking at the chart above, SIVB's low point in its 52 week range is $70.82 per share, with $135.00 as the 52 week high point - that compares with a last trade of $102.09.
According to the ETF Finder at ETF Channel, SIVB makes up 3.25% of the First Trust NASDAQ ABA Community Bank Index Fund ETF (Symbol: QABA) which is trading lower by about 0.6% on the day Wednesday.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.