Itau Unibanco Holding S.A. Invests $558,000 in SPDR S&P Bank ETF $KBE

Itau Unibanco Holding S.A. bought a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 10,000 shares of the exchange traded fund’s stock, valued at approximately $558,000.

Other hedge funds have also recently added to or reduced their stakes in the company. ProVise Management Group LLC lifted its stake in SPDR S&P Bank ETF by 0.4% during the second quarter. ProVise Management Group LLC now owns 200,939 shares of the exchange traded fund’s stock worth $11,204,000 after purchasing an additional 791 shares during the period. Cetera Investment Advisers raised its holdings in shares of SPDR S&P Bank ETF by 32.3% in the 2nd quarter. Cetera Investment Advisers now owns 40,972 shares of the exchange traded fund’s stock worth $2,285,000 after buying an additional 10,013 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of SPDR S&P Bank ETF by 2.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 378,941 shares of the exchange traded fund’s stock worth $21,130,000 after buying an additional 8,555 shares during the period. FDx Advisors Inc. acquired a new stake in SPDR S&P Bank ETF in the 2nd quarter valued at $2,285,000. Finally, Sage Advisory Services Ltd.Co. bought a new stake in SPDR S&P Bank ETF in the second quarter valued at $4,441,000.

SPDR S&P Bank ETF Price Performance

SPDR S&P Bank ETF stock opened at $57.26 on Monday. The stock has a fifty day moving average price of $58.59 and a two-hundred day moving average price of $57.04. SPDR S&P Bank ETF has a 52-week low of $44.34 and a 52-week high of $63.74. The firm has a market capitalization of $1.37 billion, a P/E ratio of 12.60 and a beta of 0.97.

SPDR S&P Bank ETF Company 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.