Sage Advisory Services Ltd.Co. Takes Position in SPDR S&P Bank ETF $KBE

Sage Advisory Services Ltd.Co. acquired a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 4th quarter, HoldingsChannel.com reports. The firm acquired 74,165 shares of the exchange traded fund’s stock, valued at approximately $4,501,000. SPDR S&P Bank ETF accounts for about 2.5% of Sage Advisory Services Ltd.Co.’s investment portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KBE. Duquesne Family Office LLC purchased a new position in SPDR S&P Bank ETF in the 3rd quarter worth $28,646,000. Two Sigma Investments LP raised its stake in SPDR S&P Bank ETF by 13.8% in the 3rd quarter. Two Sigma Investments LP now owns 2,030,440 shares of the exchange traded fund’s stock worth $120,649,000 after acquiring an additional 246,600 shares during the last quarter. MRA Advisory Group purchased a new position in SPDR S&P Bank ETF in the 4th quarter worth $6,934,000. Norden Group LLC purchased a new position in SPDR S&P Bank ETF in the 3rd quarter worth $6,696,000. Finally, Twin Tree Management LP raised its stake in SPDR S&P Bank ETF by 104.2% in the 3rd quarter. Twin Tree Management LP now owns 4,323 shares of the exchange traded fund’s stock worth $257,000 after acquiring an additional 108,457 shares during the last quarter.

SPDR S&P Bank ETF Price Performance

Shares of KBE stock opened at $64.33 on Friday. The firm has a market capitalization of $1.51 billion, a price-to-earnings ratio of 12.60 and a beta of 0.93. The business has a fifty day moving average of $61.44 and a 200 day moving average of $60.87. SPDR S&P Bank ETF has a 1 year low of $49.43 and a 1 year high of $67.75.

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. 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).