Y Intercept Hong Kong Ltd Takes $626,000 Position in SPDR S&P Bank ETF $KBE

Y Intercept Hong Kong Ltd bought a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,218 shares of the exchange traded fund’s stock, valued at approximately $626,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in SPDR S&P Bank ETF in the second quarter worth $35,000. Pandora Wealth Inc. purchased a new stake in SPDR S&P Bank ETF in the first quarter worth $37,000. US Bancorp DE grew its stake in SPDR S&P Bank ETF by 43.9% in the first quarter. US Bancorp DE now owns 1,065 shares of the exchange traded fund’s stock worth $56,000 after purchasing an additional 325 shares during the period. HB Wealth Management LLC purchased a new stake in SPDR S&P Bank ETF in the second quarter worth $203,000. Finally, XTX Topco Ltd purchased a new stake in SPDR S&P Bank ETF in the first quarter worth $204,000.

SPDR S&P Bank ETF Stock Up 0.7%

Shares of KBE stock opened at $57.15 on Thursday. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 12.60 and a beta of 0.97. The business’s fifty day moving average is $59.09 and its 200 day moving average is $56.62. SPDR S&P Bank ETF has a twelve month low of $44.34 and a twelve month high of $63.74.

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.