Van Lanschot Kempen Investment Management N.V. bought a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 33,500 shares of the exchange traded fund’s stock, valued at approximately $1,469,000. Van Lanschot Kempen Investment Management N.V. owned approximately 0.05% of SPDR S&P Regional Banking ETF as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Morling Financial Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the first quarter valued at approximately $27,000. Elequin Securities LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $27,000. Money Concepts Capital Corp bought a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth $29,000. Signaturefd LLC raised its position in shares of SPDR S&P Regional Banking ETF by 600.0% in the 1st quarter. Signaturefd LLC now owns 700 shares of the exchange traded fund’s stock worth $31,000 after acquiring an additional 600 shares in the last quarter. Finally, WealthPLAN Partners LLC bought a new stake in SPDR S&P Regional Banking ETF during the first quarter valued at about $36,000.
SPDR S&P Regional Banking ETF Stock Performance
NYSEARCA:KRE traded down $0.47 during midday trading on Tuesday, reaching $45.15. 3,686,925 shares of the stock traded hands, compared to its average volume of 20,937,758. The stock has a market capitalization of $3.34 billion, a PE ratio of 10.19 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 12-month low of $34.52 and a 12-month high of $65.97. The business has a 50-day moving average of $45.03 and a two-hundred day moving average of $44.91.
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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