Thursday, June 16, 2011

Spotlight on SPDR KBW Bank ETF

Tom Lydon submits:

ETF Spotlight on SPDR KBW Bank ETF (NYSEArca: KBE), part of a weekly series.

The bank ETF was higher in midday trading Thursday as top holding Bank of America (NYSE: BAC) saw its shares advance while Citigroup (NYSE: C) was fractionally lower.

Assets: $1.44 billion

Ojective: The SPDR KBW Bank ETF tries to reflect the performance of the KBW Bank Index (BKX).

Holdings: Top holdings include: JPMorgan Chase & Co. (NYSE: JPM) 8.76%, Citigroup Inc. (NYSE: C) 6.86%, Wells Fargo & Co. (NYSE: WFC) 6.64%, Bank of America Corp. (NYSE: BAC) 6.36% and US Bancorp 6.04%.

What You Should Know

  • KBE has an expense ratio of 0.35%.
  • The fund has 26 holdings.
  • Sector allocations include: Regional Banks 42.42%, Other Diversified Financial Services 22.02%, Diversified Banks 16.17%, Asset Management & Custody Banks 8.14%, Thrifts & Mortgage Finance 6.78% and Consumer Finance 4.46%.

The Latest News

  • Bank stocks have been under pressure

Complete Story »

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