Renaissance Technologies LLC Purchases New Shares in SPDR S&P Bank ETF $KBE

Renaissance Technologies LLC purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the 1st quarter, Holdings Channel.com reports. The fund purchased 35,100 shares of the exchange traded fund’s stock, valued at approximately $2,090,000.

A number of other institutional investors have also recently added to or reduced their stakes in KBE. Jones Financial Companies Lllp grew its stake in shares of SPDR S&P Bank ETF by 731.0% during the first quarter. Jones Financial Companies Lllp now owns 7,371 shares of the exchange traded fund’s stock valued at $390,000 after acquiring an additional 6,484 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of SPDR S&P Bank ETF by 5.0% in the second quarter. First Trust Advisors LP now owns 44,631 shares of the exchange traded fund’s stock worth $2,489,000 after acquiring an additional 2,126 shares in the last quarter. Raymond James Financial Inc. lifted its stake in shares of SPDR S&P Bank ETF by 4.9% in the second quarter. Raymond James Financial Inc. now owns 242,125 shares of the exchange traded fund’s stock worth $13,501,000 after acquiring an additional 11,301 shares in the last quarter. Lighthouse Investment Partners LLC purchased a new position in SPDR S&P Bank ETF in the second quarter valued at about $548,000. Finally, Curi Capital LLC boosted its holdings in SPDR S&P Bank ETF by 6.5% in the second quarter. Curi Capital LLC now owns 15,536 shares of the exchange traded fund’s stock valued at $866,000 after purchasing an additional 949 shares during the last quarter.

SPDR S&P Bank ETF Stock Down 0.0%

Shares of NYSEARCA KBE opened at $69.94 on Tuesday. SPDR S&P Bank ETF has a fifty-two week low of $54.64 and a fifty-two week high of $71.76. The business has a 50 day moving average price of $67.98 and a two-hundred day moving average price of $64.50. The firm has a market cap of $1.66 billion, a PE ratio of 12.60 and a beta of 0.89.

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. 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).