November 22, 2016 - By Dolores Ford · 0 Comments
Nov 22 is a positive day so far for SPDR S&P Bank ETF (NYSEARCA:KBE) as the ETF is active during the day after gaining 0.05% to hit $40.52 per share. The exchange traded fund has 3.14 billion net assets and 1.70% volatility this month.
Over the course of the day 434,522 shares traded hands, as compared to an average volume of 3.48 million over the last 30 days for SPDR S&P Bank ETF (NYSEARCA:KBE).
The ETF is 0.72% of its 52-Week High and 50.16% of its low, and is currently having ATR of 0.77. This year’s performance is 16.68% while this quarter’s performance is 19.25%.
The ETF’s YTD performance is 3.88%, the 1 year is 2.4% and the 3 year is 5.26%.
The ETF’s average P/E ratio is 14.31, the price to book is 1.09, the price to sales is 2.96 and the price to cashflow is 8.57. It was started on 11/15/2005. The fund’s top holdings are: KeyCorp Common Stock for 2.79% of assets, Comerica Incorporated Common St for 2.73%, Fifth Third Bancorp for 2.65%, Regions Financial Corporation C for 2.64%, SVB Financial Group for 2.61%, Huntington Bancshares Incorpora for 2.60%, PNC Financial Services Group I for 2.58%, Citizens Financial Group Inc. for 2.57%, Bank of New York Mellon Corpora for 2.56%, Zions Bancorporation for 2.55%. The ETF sector weights are: Financial Services 100.00%. The ETF currently as 1.72% yield.
More important recent SPDR KBW Bank (ETF) (NYSEARCA:KBE) news were published by: Etfdailynews.com which released: “Bank ETFs Starting To Look Like A Bargain” on October 13, 2016, also Benzinga.com published article titled: “Guess What? It’s Time For Bank ETFs”, Benzinga.com published: “Banking, Consumer Discretionary And Corporate Bond ETFs To Watch This Week” on July 12, 2015. More interesting news about SPDR KBW Bank (ETF) (NYSEARCA:KBE) was released by: Seekingalpha.com and their article: “Sell-side takes profits on banks” with publication date: November 16, 2016.
SPDR KBW Bank ETF, formerly The SPDR S&P Bank ETF , seeks to closely match the returns and characteristics of the S&P Banks Select Industry Index. The ETF has a market cap of $3.14 billion. 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. It has a 7.69 P/E ratio. The S&P Banks Select Industry Index consists of common stocks of national money centers and regional banks or thrifts listed on the New York Stock Exchange (NYSE) or another United States national securities exchange, (NASDAQ)/National Market System (NMS).
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By Dolores Ford