SG Capital Management LLC Increases Stock Holdings in SPDR S&P Regional Banking ETF $KRE

SG Capital Management LLC raised its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 64.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 120,667 shares of the exchange traded fund’s stock after purchasing an additional 47,259 shares during the quarter. SG Capital Management LLC owned approximately 0.22% of SPDR S&P Regional Banking ETF worth $7,166,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Legend Financial Advisors Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at about $25,000. SouthState Corp purchased a new stake in SPDR S&P Regional Banking ETF in the first quarter worth about $27,000. Trust Co. of Vermont bought a new stake in SPDR S&P Regional Banking ETF during the 2nd quarter valued at approximately $53,000. Private Wealth Asset Management LLC boosted its position in SPDR S&P Regional Banking ETF by 114.9% during the 2nd quarter. Private Wealth Asset Management LLC now owns 935 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 500 shares in the last quarter. Finally, Private Trust Co. NA purchased a new position in shares of SPDR S&P Regional Banking ETF during the 2nd quarter worth approximately $57,000.

SPDR S&P Regional Banking ETF Stock Up 0.2%

KRE opened at $60.92 on Friday. SPDR S&P Regional Banking ETF has a 52 week low of $47.06 and a 52 week high of $70.25. The stock has a market cap of $3.46 billion, a PE ratio of 12.39 and a beta of 0.90. The business has a 50 day moving average of $62.33 and a 200-day moving average of $60.85.

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.