FDx Advisors Inc. Purchases New Holdings in SPDR S&P Bank ETF $KBE

FDx Advisors Inc. acquired a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the third quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 31,070 shares of the exchange traded fund’s stock, valued at approximately $1,964,000. FDx Advisors Inc. owned 0.13% of SPDR S&P Bank ETF as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in KBE. Tidal Investments LLC purchased a new stake in shares of SPDR S&P Bank ETF in the second quarter valued at $1,449,000. Quantitative Investment Management LLC purchased a new position in shares of SPDR S&P Bank ETF during the second quarter valued at $4,791,000. Graves Light Lenhart Wealth Inc. purchased a new position in shares of SPDR S&P Bank ETF during the third quarter valued at $512,000. Integrated Wealth Concepts LLC raised its position in SPDR S&P Bank ETF by 138.7% during the second quarter. Integrated Wealth Concepts LLC now owns 26,106 shares of the exchange traded fund’s stock valued at $1,781,000 after buying an additional 15,167 shares during the period. Finally, North Star Asset Management Inc. acquired a new position in SPDR S&P Bank ETF during the second quarter valued at $622,000.

SPDR S&P Bank ETF Price Performance

SPDR S&P Bank ETF stock traded up $0.23 during mid-day trading on Friday, hitting $66.45. The company’s stock had a trading volume of 972,302 shares, compared to its average volume of 1,961,888. The firm’s 50 day moving average is $65.54 and its 200 day moving average is $65.21. The company has a market cap of $1.58 billion, a PE ratio of 12.34 and a beta of 0.92. SPDR S&P Bank ETF has a 52-week low of $54.85 and a 52-week high of $71.92.

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.