FDx Advisors Inc. Makes New $2.29 Million Investment in SPDR S&P Bank ETF $KBE

FDx Advisors Inc. bought a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 40,979 shares of the exchange traded fund’s stock, valued at approximately $2,285,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. HB Wealth Management LLC purchased a new position in shares of SPDR S&P Bank ETF during the second quarter valued at about $203,000. TD Asset Management Inc purchased a new position in shares of SPDR S&P Bank ETF in the 1st quarter valued at approximately $7,589,000. Raymond James Financial Inc. lifted its stake in shares of SPDR S&P Bank ETF by 9.3% in the 1st quarter. Raymond James Financial Inc. now owns 230,824 shares of the exchange traded fund’s stock valued at $12,224,000 after purchasing an additional 19,731 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of SPDR S&P Bank ETF during the second quarter valued at approximately $35,000. Finally, Envestnet Asset Management Inc. grew its stake in SPDR S&P Bank ETF by 2.2% in the first quarter. Envestnet Asset Management Inc. now owns 23,483 shares of the exchange traded fund’s stock worth $1,244,000 after purchasing an additional 504 shares during the period.

SPDR S&P Bank ETF Trading Up 1.3%

KBE opened at $57.45 on Friday. The company has a market cap of $1.38 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97. The stock has a fifty day simple moving average of $58.93 and a two-hundred day simple moving average of $56.75. SPDR S&P Bank ETF has a 12-month low of $44.34 and a 12-month 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.