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