Ameriprise Financial Inc. Buys 40,784 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Ameriprise Financial Inc. increased its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 6.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 719,194 shares of the exchange traded fund’s stock after purchasing an additional 40,784 shares during the period. Ameriprise Financial Inc. owned approximately 1.35% of SPDR S&P Regional Banking ETF worth $43,396,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of KRE. JPMorgan Chase & Co. boosted its stake in SPDR S&P Regional Banking ETF by 1,861.5% in the fourth quarter. JPMorgan Chase & Co. now owns 3,701,950 shares of the exchange traded fund’s stock valued at $223,413,000 after buying an additional 3,513,217 shares in the last quarter. Bessemer Group Inc. boosted its stake in SPDR S&P Regional Banking ETF by 28.3% in the fourth quarter. Bessemer Group Inc. now owns 1,852,585 shares of the exchange traded fund’s stock valued at $111,802,000 after buying an additional 408,350 shares in the last quarter. Alliancebernstein L.P. acquired a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $42,861,000. ADAPT Investment Managers SA acquired a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $23,939,000. Finally, Raymond James Financial Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $21,759,000.

SPDR S&P Regional Banking ETF Stock Down 0.5%

NYSEARCA:KRE opened at $56.58 on Monday. The stock’s 50-day simple moving average is $54.47 and its 200 day simple moving average is $60.13. SPDR S&P Regional Banking ETF has a twelve month low of $45.76 and a twelve month high of $70.25. The firm has a market capitalization of $3.23 billion, a PE ratio of 12.43 and a beta of 0.89.

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.