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. 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). The Fund invests all, but at least 80%, of its total assets in the securities consisting of the Index. In addition, the Fund may invest in equity securities that are not included in the Index, futures, options, swap contracts and other derivatives, cash and cash equivalents. SSgA Funds Management, Inc. (SSgA FM) serves as the investment adviser to the Fund.
Basic Details
Issuer SSgA
Fund NameSPDR S&P Bank ETF
Tax ClassificationRegulated Investment Company
SymbolNYSEARCA:KBE
Inception Date11/8/2005
Fund ManagerMichael Feehily, Karl Schneider, Lisa Hobart
Phone+1-617-6644738
Fund Focus
Asset ClassEquity
BenchmarkS&P Banks Select Industry Index
CategorySector
FocusFinancials
Development LevelDeveloped Markets
RegionNorth America
Fund Statistics
Assets Under Management$1.66 billion
Average Daily Volume$1.61 million
Discount/Premium0.02%
ETF Expenses
Management Fee0.35%
Other Expenses0.00%
Total Expenses0.35%
Fee Waiver0.00%
Net Expenses0.35%
Administrator, Advisor and Custodian
AdministratorSSGA Funds Management, Inc.
AdvisorSSgA Funds Management, Inc.
CustodianState Street Bank and Trust Company
DistributorState Street Global Advisors Funds Distributors, LLC
Transfer AgentState Street Bank and Trust Company
Trustee
Lead Market MakerVirtu Financial
SPDR S&P Bank ETF (NYSEARCA:KBE) Frequently Asked Questions
What is SPDR S&P Bank ETF's stock symbol?
SPDR S&P Bank ETF trades on the New York Stock Exchange (NYSE)ARCA under the ticker symbol "KBE."
How often does SPDR S&P Bank ETF pay dividends? What is the dividend yield for SPDR S&P Bank ETF?
SPDR S&P Bank ETF declared a quarterly dividend on Friday, December 20th. Investors of record on Monday, December 23rd will be paid a dividend of $0.333 per share on Thursday, December 26th. This represents a $1.33 annualized dividend and a dividend yield of 3.02%. The ex-dividend date of this dividend is Friday, December 20th. This is an increase from SPDR S&P Bank ETF's previous quarterly dividend of $0.21. View SPDR S&P Bank ETF's Dividend History.
Has SPDR S&P Bank ETF been receiving favorable news coverage?
Media stories about KBE stock have trended negative recently, according to InfoTrie Sentiment. The research group identifies positive and negative media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. SPDR S&P Bank ETF earned a media sentiment score of -2.1 on InfoTrie's scale. They also assigned news coverage about the exchange traded fund a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an impact on the stock's share price in the near term. View News Stories for SPDR S&P Bank ETF.
What other stocks do shareholders of SPDR S&P Bank ETF own?
Who are SPDR S&P Bank ETF's key executives?
SPDR S&P Bank ETF's management team includes the folowing people:
- James E. Ross, President, Trustee of StreetTracks series trust (Age 52)
- Peter A. Ambrosini, Chief Compliance Officer of street tracks series trust (Age 69)
- Michael P. Riley, Vice President of street tracks series trust (Age 44)
- Gary L. French, Treasurer of street tracks series trust (Age 64)
- John W. Clark, Assistant Treasurer of street tracks series trust (Age 46)
- Matthew W. Flaherty, Assistant Treasurer of street tracks series trust (Age 42)
- Chad C. Hallett, Assistant Treasurer of Street tracks series trust (Age 47)
- Mary Moran Zeven, Secretary of street tracks series trust (Age 52)
- Scott M. Zoltowski, Assistant Secretary of street tracks series trust (Age 44)
- David M Kelly, Independent Trustee of street tracks series trust (Age 76)
Who are SPDR S&P Bank ETF's major shareholders?
SPDR S&P Bank ETF's stock is owned by a number of of retail and institutional investors. Top institutional investors include Goldman Sachs Group Inc. (13.25%), Main Management ETF Advisors LLC (3.05%), Janney Capital Management LLC (1.21%), Wharton Business Group LLC (1.05%), Public Sector Pension Investment Board (1.03%) and Meritage Portfolio Management (0.68%).
Which institutional investors are selling SPDR S&P Bank ETF stock?
KBE stock was sold by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., Focused Wealth Management Inc, Public Sector Pension Investment Board, Jefferies Group LLC, SG Americas Securities LLC, Sowell Financial Services LLC, IndexIQ Advisors LLC and Wharton Business Group LLC.
Which institutional investors are buying SPDR S&P Bank ETF stock?
KBE stock was acquired by a variety of institutional investors in the last quarter, including Janney Capital Management LLC, Orion Portfolio Solutions LLC, Northwestern Mutual Wealth Management Co., Barometer Capital Management Inc., Greenwood Capital Associates LLC, Main Management ETF Advisors LLC, Rothschild Capital Partners LLC and Pinebridge Investments L.P..
How do I buy shares of SPDR S&P Bank ETF?
Shares of KBE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.
What is SPDR S&P Bank ETF's stock price today?
One share of KBE stock can currently be purchased for approximately $44.13.
How big of a company is SPDR S&P Bank ETF?
What is SPDR S&P Bank ETF's official website?
How can I contact SPDR S&P Bank ETF?
SPDR S&P Bank ETF's mailing address is State Street Financial Center One Lincoln Street, BOSTON, MA 02111, United States. The exchange traded fund can be reached via phone at +1-617-6644738.
MarketBeat Community Rating for SPDR S&P Bank ETF (NYSEARCA KBE)
MarketBeat's community ratings are surveys of what our community members think about SPDR S&P Bank ETF and other stocks. Vote "Outperform" if you believe KBE will outperform the S&P 500 over the long term. Vote "Underperform" if you believe KBE will underperform the S&P 500 over the long term. You may vote once every thirty days.
