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

Quantitative Investment Management LLC acquired a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 70,229 shares of the exchange traded fund’s stock, valued at approximately $4,791,000.

Several other large investors also recently modified their holdings of the business. Jones Financial Companies Lllp grew its stake in SPDR S&P Bank ETF by 731.0% during the 1st quarter. Jones Financial Companies Lllp now owns 7,371 shares of the exchange traded fund’s stock valued at $390,000 after purchasing an additional 6,484 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of SPDR S&P Bank ETF by 5.0% during the second quarter. First Trust Advisors LP now owns 44,631 shares of the exchange traded fund’s stock worth $2,489,000 after purchasing an additional 2,126 shares during the period. Raymond James Financial Inc. lifted its holdings in 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 during the last quarter. Lighthouse Investment Partners LLC acquired a new position in SPDR S&P Bank ETF during the 2nd quarter valued at approximately $548,000. Finally, Curi Capital LLC increased its position 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 worth $866,000 after buying an additional 949 shares during the period.

SPDR S&P Bank ETF Stock Performance

Shares of KBE opened at $68.46 on Monday. The firm has a fifty day moving average of $69.28 and a 200-day moving average of $64.99. The company has a market cap of $1.62 billion, a price-to-earnings ratio of 12.60 and a beta of 0.89. SPDR S&P Bank ETF has a 1 year low of $54.64 and a 1 year high of $71.92.

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).