Credit Suisse AG raised its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 76.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 963,872 shares of the exchange traded fund’s stock after purchasing an additional 416,547 shares during the quarter. Credit Suisse AG owned about 1.47% of SPDR S&P Regional Banking ETF worth $42,275,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in KRE. Hollencrest Capital Management purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $26,000. Morling Financial Advisors 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 purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $29,000. Signaturefd LLC raised its stake 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 valued at $31,000 after acquiring an additional 600 shares during the period. Finally, WealthPLAN Partners LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $36,000.
SPDR S&P Regional Banking ETF Price Performance
SPDR S&P Regional Banking ETF stock opened at $44.42 on Tuesday. SPDR S&P Regional Banking ETF has a 12-month low of $34.52 and a 12-month high of $66.15. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 10.19 and a beta of 1.10. The firm’s fifty day moving average price is $44.56 and its 200 day moving average price is $46.27.
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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