Sunbelt Securities Inc. Makes New $201,000 Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)
Sunbelt Securities Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, HoldingsChannel reports. The institutional investor purchased 3,815 shares of the exchange traded fund’s stock, valued at approximately $201,000.
Several other hedge funds have also bought and sold shares of the company. Simplex Trading LLC acquired a new position in SPDR S&P Regional Banking ETF in the second quarter valued at $2,294,000. Bartlett & Co. LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 2nd quarter worth about $40,000. Tower Research Capital LLC TRC grew its holdings in SPDR S&P Regional Banking ETF by 269.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 46,066 shares of the exchange traded fund’s stock valued at $2,432,000 after buying an additional 33,612 shares during the period. Captrust Financial Advisors grew its holdings in SPDR S&P Regional Banking ETF by 50.4% in the 2nd quarter. Captrust Financial Advisors now owns 9,814 shares of the exchange traded fund’s stock valued at $524,000 after buying an additional 3,290 shares during the period. Finally, Nomura Asset Management Co. Ltd. purchased a new stake in SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $2,704,000.
Shares of KRE stock opened at $55.89 on Tuesday. SPDR S&P Regional Banking ETF has a 1-year low of $43.95 and a 1-year high of $57.52. The firm’s 50-day simple moving average is $55.19 and its 200-day simple moving average is $52.95.
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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Want to see what other hedge funds are holding KRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Regional Banking ETF (NYSEARCA:KRE).
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