Envestnet Asset Management Inc. increased its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE – Free Report) by 161.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,412 shares of the exchange traded fund’s stock after acquiring an additional 37,929 shares during the quarter. Envestnet Asset Management Inc. owned about 0.23% of SPDR S&P Bank ETF worth $3,424,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the business. Ameritas Advisory Services LLC acquired a new position in shares of SPDR S&P Bank ETF during the 2nd quarter worth approximately $35,000. Pandora Wealth Inc. bought a new stake in shares of SPDR S&P Bank ETF in the first quarter valued at approximately $37,000. US Bancorp DE grew its position in SPDR S&P Bank ETF by 43.9% during the first quarter. US Bancorp DE now owns 1,065 shares of the exchange traded fund’s stock worth $56,000 after buying an additional 325 shares in the last quarter. HB Wealth Management LLC acquired a new stake in SPDR S&P Bank ETF during the second quarter worth approximately $203,000. Finally, XTX Topco Ltd bought a new position in SPDR S&P Bank ETF during the 1st quarter worth $204,000.
SPDR S&P Bank ETF Price Performance
Shares of NYSEARCA KBE opened at $57.26 on Friday. The business has a fifty day moving average price of $58.59 and a two-hundred day moving average price of $56.99. The stock has a market capitalization of $1.37 billion, a PE ratio of 12.60 and a beta of 0.97. SPDR S&P Bank ETF has a fifty-two week low of $44.34 and a fifty-two week high of $63.74.
SPDR S&P Bank ETF Company 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.
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