175,500 Shares in SPDR S&P Bank ETF (NYSEARCA:KBE) Acquired by Angeles Investment Advisors LLC

Angeles Investment Advisors LLC bought a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 175,500 shares of the exchange traded fund’s stock, valued at approximately $9,735,000. SPDR S&P Bank ETF comprises 0.5% of Angeles Investment Advisors LLC’s investment portfolio, making the stock its 19th biggest position.

Several other hedge funds and other institutional investors also recently modified their holdings of KBE. New Wave Wealth Advisors LLC purchased a new position in shares of SPDR S&P Bank ETF in the 4th quarter valued at approximately $46,000. Jones Financial Companies Lllp grew its stake in shares of SPDR S&P Bank ETF by 1,008.8% in the 4th quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock valued at $49,000 after purchasing an additional 807 shares during the last quarter. Heck Capital Advisors LLC purchased a new position in shares of SPDR S&P Bank ETF in the 4th quarter valued at approximately $51,000. Rialto Wealth Management LLC purchased a new position in shares of SPDR S&P Bank ETF in the 4th quarter valued at approximately $51,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Bank ETF in the 4th quarter valued at approximately $64,000.

SPDR S&P Bank ETF Trading Down 0.2 %

Shares of KBE stock opened at $53.29 on Monday. The business’s 50 day moving average is $56.54 and its two-hundred day moving average is $56.21. SPDR S&P Bank ETF has a twelve month low of $42.77 and a twelve month high of $63.74. The company has a market capitalization of $2.26 billion, a P/E ratio of 12.60 and a beta of 1.14.

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.