SG Americas Securities LLC Sells 361,743 Shares of SPDR S&P Regional Banking ETF $KRE

SG Americas Securities LLC cut its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 50.2% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 358,188 shares of the exchange traded fund’s stock after selling 361,743 shares during the quarter. SG Americas Securities LLC’s holdings in SPDR S&P Regional Banking ETF were worth $21,273,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its holdings 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 worth $1,012,663,000 after acquiring an additional 14,240,865 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of 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 worth $267,574,000 after purchasing an additional 1,004,724 shares in the last quarter. Bessemer Group Inc. raised its stake in shares of SPDR S&P Regional Banking ETF by 23.5% in the second quarter. Bessemer Group Inc. now owns 2,001,499 shares of the exchange traded fund’s stock worth $118,869,000 after purchasing an additional 381,080 shares during the last quarter. Nan Fung Trinity HK Ltd. bought a new position in shares of SPDR S&P Regional Banking ETF during the first quarter valued at $30,233,000. Finally, First Financial Bankshares Inc lifted its holdings in shares of SPDR S&P Regional Banking ETF by 0.5% during the first quarter. First Financial Bankshares Inc now owns 388,945 shares of the exchange traded fund’s stock valued at $22,112,000 after purchasing an additional 1,944 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $60.92 on Friday. The company has a market capitalization of $3.46 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. The stock has a 50-day moving average of $62.33 and a 200 day moving average of $60.89. SPDR S&P Regional Banking ETF has a one year low of $47.06 and a one year high of $70.25.

SPDR S&P Regional Banking ETF 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.