Lido Advisors LLC raised its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 129.2% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 53,565 shares of the exchange traded fund’s stock after purchasing an additional 30,194 shares during the quarter. Lido Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $3,490,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of KRE. Morgan Stanley lifted its holdings in SPDR S&P Regional Banking ETF by 23.3% during the 4th quarter. Morgan Stanley now owns 13,915,604 shares of the exchange traded fund’s stock worth $901,870,000 after buying an additional 2,630,511 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at approximately $83,392,000. MKP Capital Management L.L.C. acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $48,329,000. Jump Financial LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at approximately $46,715,000. Finally, Nan Shan Life Insurance Co. Ltd. raised its position in shares of SPDR S&P Regional Banking ETF by 3,515.3% during the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 651,544 shares of the exchange traded fund’s stock valued at $41,243,000 after acquiring an additional 633,522 shares in the last quarter.
SPDR S&P Regional Banking ETF Price Performance
Shares of KRE opened at $75.73 on Friday. The business’s fifty day moving average price is $72.66 and its 200 day moving average price is $69.67. SPDR S&P Regional Banking ETF has a 12-month low of $57.55 and a 12-month high of $78.10. The stock has a market capitalization of $4.73 billion, a PE ratio of 12.39 and a beta of 0.84.
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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