FDx Advisors Inc. Buys 31,070 Shares of SPDR S&P Bank ETF $KBE

FDx Advisors Inc. bought a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the third quarter, according to its most recent filing with the SEC. The fund bought 31,070 shares of the exchange traded fund’s stock, valued at approximately $1,964,000. SPDR S&P Bank ETF accounts for 1.4% of FDx Advisors Inc.’s investment portfolio, making the stock its 18th largest holding. FDx Advisors Inc. owned about 0.13% of SPDR S&P Bank ETF at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Tidal Investments LLC purchased a new position in SPDR S&P Bank ETF in the second quarter valued at approximately $1,449,000. IMC Chicago LLC grew its holdings in SPDR S&P Bank ETF by 43.8% during the first quarter. IMC Chicago LLC now owns 36,834 shares of the exchange traded fund’s stock valued at $2,193,000 after purchasing an additional 11,212 shares during the period. Quantitative Investment Management LLC purchased a new stake in SPDR S&P Bank ETF in the second quarter worth $4,791,000. Integrated Wealth Concepts LLC increased its position in SPDR S&P Bank ETF by 138.7% in the second quarter. Integrated Wealth Concepts LLC now owns 26,106 shares of the exchange traded fund’s stock worth $1,781,000 after buying an additional 15,167 shares during the last quarter. Finally, Graves Light Lenhart Wealth Inc. purchased a new stake in SPDR S&P Bank ETF in the third quarter worth $512,000.

SPDR S&P Bank ETF Price Performance

Shares of KBE opened at $66.67 on Thursday. The firm has a market cap of $1.59 billion, a PE ratio of 12.34 and a beta of 0.93. The stock’s fifty day moving average price is $65.64 and its two-hundred day moving average price is $65.18. SPDR S&P Bank ETF has a 1 year low of $54.85 and a 1 year high of $71.92.

SPDR S&P Bank ETF Profile

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.