17,423 Shares in SPDR S&P Bank ETF $KBE Bought by SummitTX Capital L.P.

SummitTX Capital L.P. purchased a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 17,423 shares of the exchange traded fund’s stock, valued at approximately $1,038,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Duquesne Family Office LLC bought a new position in SPDR S&P Bank ETF during the 3rd quarter worth approximately $28,646,000. Royal Bank of Canada boosted its stake in shares of SPDR S&P Bank ETF by 262.0% during the fourth quarter. Royal Bank of Canada now owns 463,143 shares of the exchange traded fund’s stock valued at $28,109,000 after purchasing an additional 335,194 shares during the period. Janney Montgomery Scott LLC boosted its stake in shares of SPDR S&P Bank ETF by 1,944.1% during the first quarter. Janney Montgomery Scott LLC now owns 334,848 shares of the exchange traded fund’s stock valued at $19,940,000 after purchasing an additional 318,467 shares during the period. Two Sigma Investments LP increased its position in shares of SPDR S&P Bank ETF by 13.8% in the third quarter. Two Sigma Investments LP now owns 2,030,440 shares of the exchange traded fund’s stock valued at $120,649,000 after acquiring an additional 246,600 shares during the period. Finally, Agave Capital Management Ltd bought a new position in SPDR S&P Bank ETF during the 4th quarter valued at approximately $7,112,000.

SPDR S&P Bank ETF Stock Performance

NYSEARCA KBE opened at $69.48 on Friday. SPDR S&P Bank ETF has a fifty-two week low of $54.42 and a fifty-two week high of $71.42. The stock has a 50 day simple moving average of $67.02 and a two-hundred day simple moving average of $64.12. The stock has a market cap of $1.65 billion, a P/E ratio of 12.60 and a beta of 0.89.

SPDR S&P Bank ETF Company Profile

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).