Quantitative Investment Management LLC Invests $4.79 Million in SPDR S&P Bank ETF $KBE

Quantitative Investment Management LLC purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 70,229 shares of the exchange traded fund’s stock, valued at approximately $4,791,000. Quantitative Investment Management LLC owned approximately 0.30% of SPDR S&P Bank ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Duquesne Family Office LLC purchased a new stake in SPDR S&P Bank ETF in the 3rd quarter valued at approximately $28,646,000. Royal Bank of Canada raised its stake in shares of SPDR S&P Bank ETF by 262.0% during the 4th quarter. Royal Bank of Canada now owns 463,143 shares of the exchange traded fund’s stock worth $28,109,000 after buying an additional 335,194 shares in the last quarter. Janney Montgomery Scott LLC raised its stake in shares of SPDR S&P Bank ETF by 1,944.1% during the 1st quarter. Janney Montgomery Scott LLC now owns 334,848 shares of the exchange traded fund’s stock worth $19,940,000 after buying an additional 318,467 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of SPDR S&P Bank ETF by 13.8% during the 3rd quarter. Two Sigma Investments LP now owns 2,030,440 shares of the exchange traded fund’s stock worth $120,649,000 after buying an additional 246,600 shares in the last quarter. Finally, Agave Capital Management Ltd acquired a new stake in shares of SPDR S&P Bank ETF in the 4th quarter valued at approximately $7,112,000.

SPDR S&P Bank ETF Price Performance

SPDR S&P Bank ETF stock opened at $68.46 on Monday. SPDR S&P Bank ETF has a 1-year low of $54.64 and a 1-year high of $71.92. The company has a market cap of $1.62 billion, a PE ratio of 12.60 and a beta of 0.89. The stock’s 50 day moving average price is $69.28 and its 200 day moving average price is $64.99.

SPDR S&P Bank ETF 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).