Angeles Investment Advisors LLC Makes New $9.74 Million Investment in SPDR S&P Bank ETF (NYSEARCA:KBE)

Angeles Investment Advisors LLC purchased a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 175,500 shares of the exchange traded fund’s stock, valued at approximately $9,735,000. SPDR S&P Bank ETF makes up approximately 0.5% of Angeles Investment Advisors LLC’s portfolio, making the stock its 19th biggest position. Angeles Investment Advisors LLC owned 0.60% of SPDR S&P Bank ETF at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in KBE. New Wave Wealth Advisors LLC acquired a new stake in SPDR S&P Bank ETF in the fourth quarter worth about $46,000. Jones Financial Companies Lllp boosted its holdings in SPDR S&P Bank ETF by 1,008.8% in the fourth quarter. Jones Financial Companies Lllp now owns 887 shares of the exchange traded fund’s stock worth $49,000 after acquiring an additional 807 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in SPDR S&P Bank ETF in the fourth quarter worth about $51,000. Rialto Wealth Management LLC acquired a new stake in SPDR S&P Bank ETF in the fourth quarter worth about $51,000. Finally, Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of SPDR S&P Bank ETF in the fourth quarter worth about $64,000.

SPDR S&P Bank ETF Stock Down 0.2 %

Shares of NYSEARCA KBE opened at $53.29 on Monday. The business’s 50 day moving average price is $56.54 and its 200 day moving average price is $56.21. The firm has a market cap of $2.26 billion, a P/E ratio of 12.60 and a beta of 1.14. SPDR S&P Bank ETF has a 52 week low of $42.77 and a 52 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.