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

FDx Advisors Inc. acquired a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 31,070 shares of the exchange traded fund’s stock, valued at approximately $1,964,000. SPDR S&P Bank ETF makes up approximately 1.4% of FDx Advisors Inc.’s holdings, making the stock its 18th largest position.

A number of other hedge funds also recently made changes to their positions in KBE. Bank of New York Mellon Corp lifted its holdings in shares of SPDR S&P Bank ETF by 65.7% during the 1st quarter. Bank of New York Mellon Corp now owns 281,665 shares of the exchange traded fund’s stock worth $16,773,000 after acquiring an additional 111,649 shares during the last quarter. Kestra Advisory Services LLC bought a new position in SPDR S&P Bank ETF in the third quarter valued at $15,942,000. Envestnet Asset Management Inc. increased 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. MRA Advisory Group increased its stake in SPDR S&P Bank ETF by 4.9% in the second quarter. MRA Advisory Group now owns 112,634 shares of the exchange traded fund’s stock valued at $7,684,000 after acquiring an additional 5,234 shares during the last quarter. Finally, Quantitative Investment Management LLC purchased a new stake in SPDR S&P Bank ETF during the second quarter valued at about $4,791,000.

SPDR S&P Bank ETF Stock Down 0.2%

NYSEARCA KBE opened at $66.67 on Thursday. The stock’s 50-day simple moving average is $65.64 and its two-hundred day simple moving average is $65.18. SPDR S&P Bank ETF has a twelve month low of $54.85 and a twelve month high of $71.92. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 12.34 and a beta of 0.93.

About SPDR S&P Bank ETF

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.