Simplex Trading LLC reduced its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 44.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,792 shares of the exchange traded fund’s stock after selling 62,496 shares during the period. Simplex Trading LLC owned 0.14% of SPDR S&P Regional Banking ETF worth $5,332,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in KRE. Bessemer Group Inc. increased its holdings in SPDR S&P Regional Banking ETF by 17.3% in the 1st quarter. Bessemer Group Inc. now owns 2,266,123 shares of the exchange traded fund’s stock worth $147,640,000 after acquiring an additional 333,799 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd purchased a new position in SPDR S&P Regional Banking ETF during the first quarter valued at approximately $83,392,000. IMC Chicago LLC lifted its holdings in SPDR S&P Regional Banking ETF by 164.2% during the second quarter. IMC Chicago LLC now owns 568,491 shares of the exchange traded fund’s stock valued at $42,552,000 after purchasing an additional 353,319 shares in the last quarter. Quantitative Investment Management LLC purchased a new position in SPDR S&P Regional Banking ETF during the second quarter valued at approximately $33,267,000. Finally, Cetera Investment Advisers boosted its position in shares of SPDR S&P Regional Banking ETF by 11.6% in the first quarter. Cetera Investment Advisers now owns 272,998 shares of the exchange traded fund’s stock worth $17,786,000 after purchasing an additional 28,390 shares during the period.
SPDR S&P Regional Banking ETF Price Performance
KRE opened at $73.45 on Tuesday. The company has a 50 day simple moving average of $71.80 and a two-hundred day simple moving average of $71.12. The firm has a market cap of $4.77 billion, a P/E ratio of 12.39 and a beta of 0.87. SPDR S&P Regional Banking ETF has a 1-year low of $58.20 and a 1-year high of $78.35.
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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