Waverly Advisors LLC cut its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 87.1% in the 2nd quarter, HoldingsChannel reports. The firm owned 11,066 shares of the exchange traded fund’s stock after selling 74,659 shares during the period. Waverly Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $828,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of SPDR S&P Regional Banking ETF by 6.2% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,964,000 shares of the exchange traded fund’s stock valued at $580,957,000 after buying an additional 521,000 shares in the last quarter. Bessemer Group Inc. grew its position in SPDR S&P Regional Banking ETF by 17.3% in the first 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 in the first quarter worth $83,392,000. MKP Capital Management L.L.C. bought a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at $48,329,000. Finally, IMC Chicago LLC increased its stake in SPDR S&P Regional Banking ETF by 164.2% in the second quarter. IMC Chicago LLC now owns 568,491 shares of the exchange traded fund’s stock valued at $42,552,000 after acquiring an additional 353,319 shares during the last quarter.
SPDR S&P Regional Banking ETF Stock Up 0.3%
NYSEARCA KRE opened at $74.11 on Tuesday. The stock’s 50-day simple moving average is $75.50 and its two-hundred day simple moving average is $71.20. SPDR S&P Regional Banking ETF has a twelve month low of $57.55 and a twelve month high of $78.35. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 12.39 and a beta of 0.83.
SPDR S&P Regional Banking ETF Company 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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