Millennium Management LLC Grows Stock Holdings in SPDR S&P Bank ETF $KBE

Millennium Management LLC grew its holdings in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) by 20.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 433,405 shares of the exchange traded fund’s stock after buying an additional 73,404 shares during the quarter. Millennium Management LLC owned 1.59% of SPDR S&P Bank ETF worth $22,953,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Kapitalo Investimentos Ltda purchased a new position in shares of SPDR S&P Bank ETF in the first quarter valued at $25,315,000. Nan Fung Trinity HK Ltd. acquired a new stake in shares of SPDR S&P Bank ETF during the first quarter worth $20,575,000. Edmond DE Rothschild Holding S.A. raised its holdings in shares of SPDR S&P Bank ETF by 115.2% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 561,714 shares of the exchange traded fund’s stock worth $29,748,000 after purchasing an additional 300,652 shares during the period. TD Asset Management Inc acquired a new stake in shares of SPDR S&P Bank ETF during the first quarter worth $7,589,000. Finally, Madison Asset Management LLC increased its holdings in shares of SPDR S&P Bank ETF by 52.8% in the 1st quarter. Madison Asset Management LLC now owns 397,809 shares of the exchange traded fund’s stock worth $21,068,000 after acquiring an additional 137,441 shares during the period.

SPDR S&P Bank ETF Stock Down 0.3%

KBE stock opened at $60.99 on Friday. SPDR S&P Bank ETF has a fifty-two week low of $44.34 and a fifty-two week high of $63.74. The firm’s 50-day simple moving average is $58.66 and its 200 day simple moving average is $54.72. The stock has a market cap of $1.66 billion, a PE ratio of 12.60 and a beta of 1.14.

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.