Discovery Capital Management LLC CT Takes Position in SPDR S&P Bank ETF (NYSEARCA:KBE)

Discovery Capital Management LLC CT purchased a new position in shares of SPDR S&P Bank ETF (NYSEARCA:KBE) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 19,330 shares of the exchange traded fund’s stock, valued at approximately $897,000. Discovery Capital Management LLC CT owned about 0.07% of SPDR S&P Bank ETF at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KBE. Lynx Investment Advisory acquired a new stake in shares of SPDR S&P Bank ETF in the 2nd quarter worth $45,000. Fifth Third Bancorp grew its holdings in shares of SPDR S&P Bank ETF by 9.6% during the 2nd quarter. Fifth Third Bancorp now owns 2,520 shares of the exchange traded fund’s stock worth $117,000 after purchasing an additional 220 shares during the period. Clear Street Markets LLC acquired a new stake in shares of SPDR S&P Bank ETF during the 4th quarter worth about $129,000. Massmutual Trust Co. FSB ADV acquired a new position in SPDR S&P Bank ETF in the second quarter valued at about $134,000. Finally, Centaurus Financial Inc. acquired a new position in shares of SPDR S&P Bank ETF in the 4th quarter worth approximately $141,000.

SPDR S&P Bank ETF Stock Performance

NYSEARCA KBE opened at $53.72 on Monday. SPDR S&P Bank ETF has a one year low of $33.97 and a one year high of $55.04. The firm has a 50 day simple moving average of $51.92 and a 200-day simple moving average of $47.86. The firm has a market cap of $1.58 billion, a price-to-earnings ratio of 7.86 and a beta of 1.42.

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.