Bessemer Group Inc. Grows Holdings in SPDR S&P Regional Banking ETF $KRE

Bessemer Group Inc. raised its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 23.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,001,499 shares of the exchange traded fund’s stock after purchasing an additional 381,080 shares during the period. Bessemer Group Inc. owned about 3.62% of SPDR S&P Regional Banking ETF worth $118,869,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRE. Spire Wealth Management lifted its holdings in SPDR S&P Regional Banking ETF by 445.0% in the 1st quarter. Spire Wealth Management now owns 1,902 shares of the exchange traded fund’s stock valued at $108,000 after purchasing an additional 1,553 shares in the last quarter. Valley National Advisers Inc. lifted its holdings in SPDR S&P Regional Banking ETF by 69.1% in the 1st quarter. Valley National Advisers Inc. now owns 5,044 shares of the exchange traded fund’s stock valued at $286,000 after purchasing an additional 2,062 shares in the last quarter. MorganRosel Wealth Management LLC purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter valued at about $65,000. Benchmark Financial Wealth Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter valued at about $1,627,000. Finally, Capital Investment Counsel Inc lifted its holdings in SPDR S&P Regional Banking ETF by 22.8% in the 1st quarter. Capital Investment Counsel Inc now owns 28,877 shares of the exchange traded fund’s stock valued at $1,642,000 after purchasing an additional 5,354 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Down 0.1%

NYSEARCA:KRE opened at $61.17 on Tuesday. SPDR S&P Regional Banking ETF has a 12-month low of $47.06 and a 12-month high of $70.25. The company’s 50-day moving average is $63.45 and its two-hundred day moving average is $60.05. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90.

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.