Sage Advisory Services Ltd.Co. Invests $4.44 Million in SPDR S&P Bank ETF $KBE

Sage Advisory Services Ltd.Co. bought a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 79,640 shares of the exchange traded fund’s stock, valued at approximately $4,441,000. SPDR S&P Bank ETF comprises about 2.4% of Sage Advisory Services Ltd.Co.’s portfolio, making the stock its 15th biggest holding. Sage Advisory Services Ltd.Co. owned 0.29% of SPDR S&P Bank ETF at the end of the most recent quarter.

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

SPDR S&P Bank ETF Stock Performance

NYSEARCA:KBE opened at $56.70 on Friday. The company has a 50 day simple moving average of $59.00 and a two-hundred day simple moving average of $56.62. SPDR S&P Bank ETF has a fifty-two week low of $44.34 and a fifty-two week high of $63.74. The company has a market capitalization of $1.36 billion, a PE 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.