Sigma Planning Corp Invests $211,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Sigma Planning Corp acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,721 shares of the exchange traded fund’s stock, valued at approximately $211,000.

Several other hedge funds have also recently added to or reduced their stakes in KRE. Bessemer Group Inc. grew its holdings in shares of SPDR S&P Regional Banking ETF by 7.5% in the 1st quarter. Bessemer Group Inc. now owns 913,986 shares of the exchange traded fund’s stock valued at $45,956,000 after buying an additional 63,380 shares during the period. Carlson Capital L P increased its holdings in shares of SPDR S&P Regional Banking ETF by 163.1% in the first quarter. Carlson Capital L P now owns 63,600 shares of the exchange traded fund’s stock worth $3,198,000 after acquiring an additional 39,424 shares in the last quarter. Main Management Fund Advisors LLC raised its position in shares of SPDR S&P Regional Banking ETF by 11.6% during the first quarter. Main Management Fund Advisors LLC now owns 884,200 shares of the exchange traded fund’s stock worth $44,458,000 after purchasing an additional 92,200 shares during the period. Quadrature Capital Ltd raised its position in shares of SPDR S&P Regional Banking ETF by 679.1% during the first quarter. Quadrature Capital Ltd now owns 51,933 shares of the exchange traded fund’s stock worth $2,610,000 after purchasing an additional 45,267 shares during the period. Finally, Absolute Gestao de Investimentos Ltda. bought a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter valued at about $7,207,000.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $65.84 on Monday. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The business has a 50 day simple moving average of $58.62 and a 200 day simple moving average of $54.15. SPDR S&P Regional Banking ETF has a 52-week low of $43.51 and a 52-week high of $67.96.

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.