Ulysses Management LLC Makes New $1.05 Million Investment in SPDR S&P Bank ETF (NYSEARCA:KBE)

Ulysses Management LLC acquired a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 19,000 shares of the exchange traded fund’s stock, valued at approximately $1,054,000. Ulysses Management LLC owned about 0.06% of SPDR S&P Bank ETF at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in KBE. Castlekeep Investment Advisors LLC purchased a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $261,072,000. JPMorgan Chase & Co. boosted its position in shares of SPDR S&P Bank ETF by 1,963.2% during the fourth quarter. JPMorgan Chase & Co. now owns 2,311,639 shares of the exchange traded fund’s stock valued at $128,227,000 after buying an additional 2,199,599 shares during the period. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of SPDR S&P Bank ETF by 290.0% during the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,170,000 shares of the exchange traded fund’s stock valued at $64,900,000 after buying an additional 870,000 shares during the period. Edmond DE Rothschild Holding S.A. purchased a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $14,481,000. Finally, Madison Investment Advisors LLC purchased a new position in shares of SPDR S&P Bank ETF during the fourth quarter valued at approximately $14,443,000.

SPDR S&P Bank ETF Stock Performance

Shares of NYSEARCA KBE opened at $55.00 on Tuesday. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 12.17 and a beta of 0.96. The stock has a 50 day moving average price of $51.14 and a 200 day moving average price of $55.47. SPDR S&P Bank ETF has a 52-week low of $43.64 and a 52-week high of $63.74.

About SPDR S&P Bank ETF

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.