Parkside Investments LLC decreased its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 7.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 112,541 shares of the exchange traded fund’s stock after selling 8,545 shares during the period. Parkside Investments LLC’s holdings in SPDR S&P Regional Banking ETF were worth $7,815,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $83,392,000. Quantitative Investment Management LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 2nd quarter valued at $33,267,000. IMC Chicago LLC grew its position 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 period. 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 valued at $147,640,000 after acquiring an additional 333,799 shares during the period. Finally, Insight Wealth Strategies LLC acquired a new position in SPDR S&P Regional Banking ETF during the second quarter worth $18,818,000.
SPDR S&P Regional Banking ETF Stock Performance
KRE opened at $70.62 on Wednesday. SPDR S&P Regional Banking ETF has a twelve month low of $58.20 and a twelve month high of $78.35. The firm has a market cap of $3.46 billion, a price-to-earnings ratio of 12.39 and a beta of 0.87. The firm’s 50-day simple moving average is $72.66 and its 200-day simple moving average is $72.19.
About SPDR S&P Regional Banking ETF
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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