Meitav Dash Investments Ltd. purchased a new stake in shares of SPDR KBW Regional Banking (NYSEARCA:KRE) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 636,096 shares of the exchange traded fund’s stock, valued at approximately $37,433,000. SPDR KBW Regional Banking comprises about 2.2% of Meitav Dash Investments Ltd.’s investment portfolio, making the stock its 10th largest holding. Meitav Dash Investments Ltd. owned about 0.87% of SPDR KBW Regional Banking as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of KRE. Opera Trading Capital bought a new position in SPDR KBW Regional Banking during the 4th quarter valued at about $100,000. Maltese Capital Management LLC bought a new position in SPDR KBW Regional Banking during the 4th quarter valued at about $102,000. Barrett Asset Management LLC bought a new position in SPDR KBW Regional Banking during the 4th quarter valued at about $185,000. Family Firm Inc. bought a new position in SPDR KBW Regional Banking during the 4th quarter valued at about $201,000. Finally, Edge Wealth Management LLC grew its holdings in SPDR KBW Regional Banking by 70.9% during the 4th quarter. Edge Wealth Management LLC now owns 3,435 shares of the exchange traded fund’s stock valued at $202,000 after purchasing an additional 1,425 shares during the last quarter.
SPDR KBW Regional Banking (NYSEARCA:KRE) opened at $63.49 on Tuesday. The company has a market cap of $5,340.00 and a PE ratio of -88.18. SPDR KBW Regional Banking has a fifty-two week low of $49.31 and a fifty-two week high of $65.33.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Monday, March 19th will be issued a dividend of $0.2038 per share. The ex-dividend date of this dividend is Friday, March 16th. This represents a $0.82 annualized dividend and a yield of 1.28%. SPDR KBW Regional Banking’s payout ratio is -115.28%.
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About SPDR KBW Regional Banking
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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