Sage Advisory Services Ltd.Co. Invests $4.50 Million in SPDR S&P Bank ETF $KBE

Sage Advisory Services Ltd.Co. bought a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 74,165 shares of the exchange traded fund’s stock, valued at approximately $4,501,000. SPDR S&P Bank ETF makes up 2.5% of Sage Advisory Services Ltd.Co.’s holdings, making the stock its 16th largest position. Sage Advisory Services Ltd.Co. owned 0.33% of SPDR S&P Bank ETF at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of SPDR S&P Bank ETF in the fourth quarter worth about $173,000. Capital Investment Counsel Inc purchased a new stake in shares of SPDR S&P Bank ETF in the fourth quarter worth about $86,000. South Shore Capital Advisors purchased a new stake in shares of SPDR S&P Bank ETF in the fourth quarter worth about $508,000. Accel Wealth Management purchased a new stake in shares of SPDR S&P Bank ETF in the fourth quarter worth about $229,000. Finally, Thurston Springer Miller Herd & Titak Inc. lifted its position in shares of SPDR S&P Bank ETF by 195.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,360 shares of the exchange traded fund’s stock worth $143,000 after buying an additional 1,560 shares in the last quarter.

SPDR S&P Bank ETF Trading Up 0.9%

NYSEARCA:KBE opened at $64.33 on Friday. The company has a market capitalization of $1.51 billion, a P/E ratio of 12.60 and a beta of 0.93. SPDR S&P Bank ETF has a 12 month low of $49.43 and a 12 month high of $67.75. The business’s 50-day moving average is $61.44 and its 200 day moving average is $60.87.

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. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).