SAM Advisors LLC trimmed its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 2.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 61,831 shares of the exchange traded fund’s stock after selling 1,540 shares during the period. SPDR S&P Regional Banking ETF comprises 1.3% of SAM Advisors LLC’s holdings, making the stock its 17th largest position. SAM Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $3,500,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Jane Street Group LLC grew its holdings in SPDR S&P Regional Banking ETF by 136.5% during the first quarter. Jane Street Group LLC now owns 2,894,177 shares of the exchange traded fund’s stock worth $145,519,000 after acquiring an additional 1,670,478 shares during the period. Main Management ETF Advisors LLC boosted its position in SPDR S&P Regional Banking ETF by 2.6% during the second quarter. Main Management ETF Advisors LLC now owns 2,538,750 shares of the exchange traded fund’s stock worth $124,653,000 after purchasing an additional 63,750 shares in the last quarter. Baymount Management LP purchased a new position in SPDR S&P Regional Banking ETF during the first quarter worth approximately $51,185,000. Bessemer Group Inc. boosted its position in SPDR S&P Regional Banking ETF by 7.5% during the first quarter. Bessemer Group Inc. now owns 913,986 shares of the exchange traded fund’s stock worth $45,956,000 after purchasing an additional 63,380 shares in the last quarter. Finally, Main Management Fund Advisors LLC boosted its position in SPDR S&P Regional Banking ETF by 11.6% during the first quarter. Main Management Fund Advisors LLC now owns 884,200 shares of the exchange traded fund’s stock worth $44,458,000 after purchasing an additional 92,200 shares in the last quarter.
SPDR S&P Regional Banking ETF Trading Down 0.6 %
Shares of KRE stock opened at $66.19 on Thursday. The company has a market capitalization of $3.53 billion, a P/E ratio of 8.36 and a beta of 1.56. The business’s 50 day moving average is $58.20 and its two-hundred day moving average is $53.85. SPDR S&P Regional Banking ETF has a 12-month low of $43.01 and a 12-month high of $67.96.
SPDR S&P Regional Banking ETF Profile
SPDR KBW Regional Banking ETF, formerly SPDR S&P Regional Banking ETF, seeks to closely match the returns and characteristics of the S&P Regional Banks Select Industry Index. Its approach is designed to provide portfolios with low portfolio turnover, tracking, and lower costs. As of October 27, 2011, the Company’s holding included Privatebancorp Inc, Webster Finl Corp Conn, Umpqua Hldgs Corp, Firstmerit Corp, East West Bancorp Inc, Fifth Third Bancorp, Fnb Corp Pa, Susquehanna Bancshares Inc and Keycorp New and First Rep Bk San Fran Cali.
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