FDx Advisors Inc. Acquires New Shares in SPDR S&P Bank ETF $KBE

FDx Advisors Inc. acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 31,070 shares of the exchange traded fund’s stock, valued at approximately $1,964,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KBE. Kestra Advisory Services LLC acquired a new position in shares of SPDR S&P Bank ETF in the third quarter worth $15,942,000. ProVise Management Group LLC acquired a new stake in SPDR S&P Bank ETF during the third quarter valued at $14,481,000. MRA Advisory Group bought a new position in SPDR S&P Bank ETF during the third quarter valued at approximately $7,117,000. Bank of New York Mellon Corp raised its position in SPDR S&P Bank ETF by 65.7% during the first quarter. Bank of New York Mellon Corp now owns 281,665 shares of the exchange traded fund’s stock valued at $16,773,000 after acquiring an additional 111,649 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in SPDR S&P Bank ETF by 60.7% in the second quarter. Envestnet Asset Management Inc. now owns 190,106 shares of the exchange traded fund’s stock valued at $12,969,000 after acquiring an additional 71,772 shares during the last quarter.

SPDR S&P Bank ETF Stock Up 0.3%

KBE stock traded up $0.23 during trading hours on Friday, hitting $66.45. The company’s stock had a trading volume of 972,302 shares, compared to its average volume of 1,961,888. The company has a market capitalization of $1.58 billion, a PE ratio of 12.34 and a beta of 0.92. SPDR S&P Bank ETF has a 12 month low of $54.85 and a 12 month high of $71.92. The stock has a 50 day moving average price of $65.54 and a two-hundred day moving average price of $65.21.

SPDR S&P Bank ETF Profile

The State Street SPDR S&P Bank ETF (KBE) seeks to track the investment results of the S&P Banks Select Industry Index. The fund provides exposure to publicly traded U.S. banking and related financial companies, including regional banks, diversified banks, and mortgage finance companies. The index uses a modified equal-weight methodology, helping limit the influence of individual holdings and providing broader representation across banks of different sizes. Launched on Nov. 8, 2005, the fund is managed by SSGA Funds Management, Inc.