Trexquant Investment LP Purchases New Position in SPDR S&P Bank ETF $KBE

Trexquant Investment LP purchased a new stake in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,941 shares of the exchange traded fund’s stock, valued at approximately $315,000.

Several other institutional investors have also recently added to or reduced their stakes in KBE. Golden State Wealth Management LLC lifted its holdings in SPDR S&P Bank ETF by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 600 shares of the exchange traded fund’s stock valued at $32,000 after purchasing an additional 300 shares during the last quarter. Pandora Wealth Inc. bought a new position in shares of SPDR S&P Bank ETF in the first quarter worth about $37,000. Heck Capital Advisors LLC bought a new position in shares of SPDR S&P Bank ETF in the fourth quarter worth about $51,000. US Bancorp DE raised its stake in shares of SPDR S&P Bank ETF by 43.9% in the first quarter. US Bancorp DE now owns 1,065 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 325 shares during the last quarter. Finally, NBC Securities Inc. raised its stake in shares of SPDR S&P Bank ETF by 125,300.0% in the first quarter. NBC Securities Inc. now owns 1,254 shares of the exchange traded fund’s stock worth $66,000 after acquiring an additional 1,253 shares during the last quarter.

SPDR S&P Bank ETF Trading Down 0.8%

Shares of NYSEARCA KBE opened at $60.69 on Wednesday. SPDR S&P Bank ETF has a 1-year low of $44.34 and a 1-year high of $63.74. The company has a market cap of $1.65 billion, a PE ratio of 12.60 and a beta of 1.14. The company has a 50-day moving average of $58.52 and a two-hundred day moving average of $54.61.

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.