Mizuho Markets Americas LLC purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 58,500 shares of the exchange traded fund’s stock, valued at approximately $3,703,000. Mizuho Markets Americas LLC owned 0.09% of SPDR S&P Regional Banking ETF at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Moors & Cabot Inc. lifted its stake in SPDR S&P Regional Banking ETF by 4.9% in the 2nd quarter. Moors & Cabot Inc. now owns 3,836 shares of the exchange traded fund’s stock valued at $228,000 after purchasing an additional 178 shares during the last quarter. Proffitt & Goodson Inc. raised its position in SPDR S&P Regional Banking ETF by 0.7% during the 2nd quarter. Proffitt & Goodson Inc. now owns 28,585 shares of the exchange traded fund’s stock worth $1,698,000 after purchasing an additional 192 shares during the last quarter. CWM LLC raised its position in shares of SPDR S&P Regional Banking ETF by 9.8% during the second quarter. CWM LLC now owns 2,245 shares of the exchange traded fund’s stock worth $133,000 after acquiring an additional 201 shares during the last quarter. Quantum Portfolio Management LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 3.2% in the 2nd quarter. Quantum Portfolio Management LLC now owns 7,053 shares of the exchange traded fund’s stock valued at $419,000 after purchasing an additional 218 shares during the last quarter. Finally, Carnegie Investment Counsel increased its stake in shares of SPDR S&P Regional Banking ETF by 0.3% in the 3rd quarter. Carnegie Investment Counsel now owns 98,015 shares of the exchange traded fund’s stock valued at $6,204,000 after acquiring an additional 280 shares in the last quarter.
SPDR S&P Regional Banking ETF Stock Performance
KRE stock opened at $67.85 on Monday. SPDR S&P Regional Banking ETF has a fifty-two week low of $47.06 and a fifty-two week high of $68.67. The stock’s 50 day simple moving average is $64.80 and its 200 day simple moving average is $63.34. The company has a market cap of $4.33 billion, a P/E ratio of 12.39 and a beta of 0.90.
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.
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