Renaissance Technologies LLC Invests $2.09 Million in SPDR S&P Bank ETF $KBE

Renaissance Technologies LLC bought a new stake in SPDR S&P Bank ETF (NYSEARCA:KBE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 35,100 shares of the exchange traded fund’s stock, valued at approximately $2,090,000. Renaissance Technologies LLC owned 0.15% of SPDR S&P Bank ETF at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Calton & Associates Inc. increased its holdings in SPDR S&P Bank ETF by 2.4% in the 4th quarter. Calton & Associates Inc. now owns 10,633 shares of the exchange traded fund’s stock valued at $645,000 after purchasing an additional 251 shares in the last quarter. Mariner LLC lifted its stake in shares of SPDR S&P Bank ETF by 1.9% during the fourth quarter. Mariner LLC now owns 13,441 shares of the exchange traded fund’s stock worth $817,000 after purchasing an additional 253 shares in the last quarter. Wealthfront Advisers LLC lifted its stake in shares of SPDR S&P Bank ETF by 4.4% during the fourth quarter. Wealthfront Advisers LLC now owns 6,835 shares of the exchange traded fund’s stock worth $415,000 after purchasing an additional 287 shares in the last quarter. NBC Securities Inc. lifted its stake in shares of SPDR S&P Bank ETF by 31.8% during the fourth quarter. NBC Securities Inc. now owns 1,626 shares of the exchange traded fund’s stock worth $99,000 after purchasing an additional 392 shares in the last quarter. Finally, Vectors Research Management LLC boosted its position in shares of SPDR S&P Bank ETF by 3.6% in the first quarter. Vectors Research Management LLC now owns 11,490 shares of the exchange traded fund’s stock worth $684,000 after buying an additional 400 shares during the period.

SPDR S&P Bank ETF Stock Performance

KBE stock opened at $69.94 on Tuesday. SPDR S&P Bank ETF has a 1 year low of $54.64 and a 1 year high of $71.76. The firm has a market cap of $1.66 billion, a P/E ratio of 12.60 and a beta of 0.89. The stock has a 50-day simple moving average of $67.98 and a 200-day simple moving average of $64.50.

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).