First Eagle Investment Management LLC Buys 60,450 Shares of SPDR S&P Regional Banking ETF $KRE

First Eagle Investment Management LLC grew its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 34.3% in the second quarter, HoldingsChannel reports. The firm owned 236,569 shares of the exchange traded fund’s stock after buying an additional 60,450 shares during the quarter. First Eagle Investment Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $17,707,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Arax Advisory Partners purchased a new position in SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $25,000. MWA Asset Management purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth approximately $46,000. UMB Bank n.a. bought a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $52,000. Fourth Dimension Wealth LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 41.5% during the 2nd quarter. Fourth Dimension Wealth LLC now owns 737 shares of the exchange traded fund’s stock valued at $55,000 after acquiring an additional 216 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at $70,000.

SPDR S&P Regional Banking ETF Stock Performance

KRE stock opened at $75.27 on Monday. The firm has a fifty day moving average price of $75.63 and a 200 day moving average price of $71.04. SPDR S&P Regional Banking ETF has a fifty-two week low of $57.55 and a fifty-two week high of $78.35. The firm has a market cap of $4.58 billion, a PE ratio of 12.39 and a beta of 0.83.

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.