SPDR S&P Regional Banking ETF $KRE Shares Purchased by Elevation Wealth Partners LLC

Elevation Wealth Partners LLC increased its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 300.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,811 shares of the exchange traded fund’s stock after purchasing an additional 4,361 shares during the quarter. Elevation Wealth Partners LLC’s holdings in SPDR S&P Regional Banking ETF were worth $345,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KRE. Goldman Sachs Group Inc. grew its position in SPDR S&P Regional Banking ETF by 398.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,812,900 shares of the exchange traded fund’s stock valued at $1,012,663,000 after acquiring an additional 14,240,865 shares in the last quarter. JPMorgan Chase & Co. grew its position in SPDR S&P Regional Banking ETF by 27.1% in the 1st quarter. JPMorgan Chase & Co. now owns 4,706,674 shares of the exchange traded fund’s stock valued at $267,574,000 after acquiring an additional 1,004,724 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in SPDR S&P Regional Banking ETF in the 4th quarter valued at about $53,282,000. SG Americas Securities LLC grew its position in SPDR S&P Regional Banking ETF by 3,046.1% in the 1st quarter. SG Americas Securities LLC now owns 719,931 shares of the exchange traded fund’s stock valued at $40,928,000 after acquiring an additional 697,048 shares in the last quarter. Finally, Nan Fung Trinity HK Ltd. acquired a new position in SPDR S&P Regional Banking ETF in the 1st quarter valued at about $30,233,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE opened at $64.99 on Monday. The stock has a 50-day simple moving average of $62.85 and a 200-day simple moving average of $58.58. The stock has a market capitalization of $3.58 billion, a PE ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 1 year low of $47.06 and a 1 year high of $70.25.

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.