Nan Shan Life Insurance Co. Ltd. cut its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 81.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,000 shares of the exchange traded fund’s stock after selling 120,039 shares during the quarter. Nan Shan Life Insurance Co. Ltd.’s holdings in SPDR S&P Regional Banking ETF were worth $2,096,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. Valley Wealth Managers Inc. raised its holdings in SPDR S&P Regional Banking ETF by 19,594,500.0% in the fourth quarter. Valley Wealth Managers Inc. now owns 195,946 shares of the exchange traded fund’s stock worth $12,699,000 after purchasing an additional 195,945 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 21.0% in the 1st quarter. Renaissance Technologies LLC now owns 141,900 shares of the exchange traded fund’s stock valued at $9,245,000 after buying an additional 24,600 shares in the last quarter. Summit Securities Group LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 216.2% in the 1st quarter. Summit Securities Group LLC now owns 23,919 shares of the exchange traded fund’s stock valued at $1,558,000 after buying an additional 16,354 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $1,496,000. Finally, Private Advisor Group LLC grew its position in shares of SPDR S&P Regional Banking ETF by 60.2% in the 1st quarter. Private Advisor Group LLC now owns 34,975 shares of the exchange traded fund’s stock worth $2,279,000 after buying an additional 13,140 shares during the last quarter.
SPDR S&P Regional Banking ETF Stock Down 1.3%
NYSEARCA KRE opened at $72.62 on Wednesday. SPDR S&P Regional Banking ETF has a 52 week low of $57.55 and a 52 week high of $78.35. The company has a 50 day moving average price of $75.62 and a 200 day moving average price of $70.96. The firm has a market cap of $4.42 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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