uploads///KBE Fundflows

The KBE ETF Witnessed Inflows of $49 Million in 2015

By

Jan. 11 2016, Updated 10:06 a.m. ET

Fund flows to KBE

Exchange-traded fund investors have withdrawn $89.5 million from the SPDR S&P Bank ETF (KBE) during December. In 2015, KBE witnessed inflows of $49 million. During the week ending December 31, 2015, the KBE fund has seen investor outflows of $141 million. The shares of KBE have generated returns of -3.0% in 2015, and in December, KBE has returned -2.9%.

Article continues below advertisement

Changes in institutional investor holdings in 3Q15

Despite the positive flows to the KBE ETF over the year, the 13F filings of major institutional asset managers for the third quarter of 2015 give a gloomy picture.

In the third quarter of 2o15, trade activity by 13F filers displayed a 13.1% fall in aggregate shares that were held by institutional investors and hedge funds. Among the 133 13F filers holding the stock, 43 funds reduced their exposure to KBE while 21 funds sold all their holdings in the ETF. However, 40 funds created new positions, and 20 funds raised their exposure to KBE.

Major institutional holders like Franklin Resources (BEN), Schroder Investment Management, Wexford Capital, Bank of America (BAC), and JPMorgan Chase (JPM) bought shares of KBE during the third quarter of 2015.

Meanwhile, institutional investors like Goldman Sachs (GS), Citigroup (C), Morgan Stanley, Barclays, and Stadion Money Management significantly reduced their exposure to KBE.

Advertisement

More From Market Realist

  • Open sign on a sidewalk
    Macroeconomic Analysis
    Top Reopening Stocks to Play the Shifting Market Sentiment
  • Morgan Stanley sign and stock numbers
    Macroeconomic Analysis
    Morgan Stanley's Buyback Stock Picks in 2021
  • Black Wall Street sign is sign of ethical investing
    Macroeconomic Analysis
    Ethical Investing Stocks and Funds for Your 2021 Portfolio
  • New York City skyline and Goldman Sachs logo
    Macroeconomic Analysis
    Goldman Sachs: Options Trade Picks to Play Earnings Season Volatility
  • CONNECT with Market Realist
  • Link to Facebook
  • Link to Twitter
  • Link to Instagram
  • Link to Email Subscribe
Market Realist Logo
Do Not Sell My Personal Information

© Copyright 2021 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.