SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Stake Lifted by Main Management ETF Advisors LLC

Main Management ETF Advisors LLC grew its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 2.6% during the second quarter, Holdings Channel reports. The fund owned 2,538,750 shares of the exchange traded fund’s stock after purchasing an additional 63,750 shares during the period. SPDR S&P Regional Banking ETF makes up about 6.2% of Main Management ETF Advisors LLC’s holdings, making the stock its 6th biggest holding. Main Management ETF Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $124,653,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in KRE. Trexquant Investment LP bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $392,000. Advisory Services Network LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 3.0% in the 4th quarter. Advisory Services Network LLC now owns 20,127 shares of the exchange traded fund’s stock worth $1,055,000 after purchasing an additional 580 shares in the last quarter. Parallel Advisors LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 162.8% in the 4th quarter. Parallel Advisors LLC now owns 12,971 shares of the exchange traded fund’s stock worth $680,000 after purchasing an additional 8,035 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 338.1% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 53,767 shares of the exchange traded fund’s stock worth $2,819,000 after purchasing an additional 41,493 shares in the last quarter. Finally, Scotia Capital Inc. boosted its position in shares of SPDR S&P Regional Banking ETF by 5.4% in the 4th quarter. Scotia Capital Inc. now owns 35,029 shares of the exchange traded fund’s stock worth $1,837,000 after purchasing an additional 1,800 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Up 1.1 %

Shares of KRE opened at $55.85 on Friday. The business’s 50 day moving average price is $55.81 and its 200-day moving average price is $51.21. SPDR S&P Regional Banking ETF has a 52 week low of $37.66 and a 52 week high of $59.59. The stock has a market cap of $2.98 billion, a P/E ratio of 8.36 and a beta of 1.56.

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.