Sage Advisory Services Ltd.Co. Buys New Holdings in SPDR S&P Bank ETF $KBE

Sage Advisory Services Ltd.Co. purchased a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 79,640 shares of the exchange traded fund’s stock, valued at approximately $4,441,000. SPDR S&P Bank ETF makes up about 2.4% of Sage Advisory Services Ltd.Co.’s investment portfolio, making the stock its 15th largest holding.

Several other hedge funds have also recently modified their holdings of KBE. Ameritas Advisory Services LLC bought a new stake in SPDR S&P Bank ETF in the 2nd quarter valued at $35,000. Pandora Wealth Inc. bought a new stake in SPDR S&P Bank ETF in the 1st quarter worth approximately $37,000. US Bancorp DE raised its holdings in shares of SPDR S&P Bank ETF by 43.9% during the 1st quarter. US Bancorp DE now owns 1,065 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 325 shares in the last quarter. HB Wealth Management LLC purchased a new position in shares of SPDR S&P Bank ETF in the second quarter valued at $203,000. Finally, XTX Topco Ltd purchased a new stake in shares of SPDR S&P Bank ETF during the 1st quarter valued at about $204,000.

SPDR S&P Bank ETF Price Performance

Shares of NYSEARCA KBE opened at $56.70 on Friday. SPDR S&P Bank ETF has a 1 year low of $44.34 and a 1 year high of $63.74. The firm has a 50-day simple moving average of $59.00 and a two-hundred day simple moving average of $56.62. The company has a market cap of $1.36 billion, a P/E ratio of 12.60 and a beta of 0.97.

SPDR S&P Bank ETF Profile

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.