17,423 Shares in SPDR S&P Bank ETF $KBE Purchased by SummitTX Capital L.P.

SummitTX Capital L.P. bought a new position in SPDR S&P Bank ETF (NYSEARCA:KBE) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 17,423 shares of the exchange traded fund’s stock, valued at approximately $1,038,000. SummitTX Capital L.P. owned about 0.07% of SPDR S&P Bank ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of KBE. FWL Investment Management LLC bought a new stake in SPDR S&P Bank ETF during the third quarter valued at approximately $32,000. Advocate Investing Services LLC purchased a new position in SPDR S&P Bank ETF in the fourth quarter worth $43,000. Camelot Portfolios LLC purchased a new position in SPDR S&P Bank ETF in the fourth quarter worth $50,000. MWA Asset Management purchased a new stake in SPDR S&P Bank ETF during the first quarter valued at about $56,000. Finally, EFG International AG bought a new stake in SPDR S&P Bank ETF during the fourth quarter worth about $76,000.

SPDR S&P Bank ETF Trading Down 0.2%

KBE opened at $69.48 on Friday. The stock has a market capitalization of $1.65 billion, a P/E ratio of 12.60 and a beta of 0.89. The stock has a 50-day moving average price of $67.02 and a 200-day moving average price of $64.12. SPDR S&P Bank ETF has a 12-month low of $54.42 and a 12-month high of $71.42.

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).