Federated Hermes Inc. Acquires New Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Federated Hermes Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,960 shares of the exchange traded fund’s stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Barclays PLC boosted its stake in SPDR S&P Regional Banking ETF by 4.2% in the 3rd quarter. Barclays PLC now owns 2,609,153 shares of the exchange traded fund’s stock worth $108,984,000 after buying an additional 105,704 shares during the last quarter. Alaska Permanent Fund Corp increased its stake in SPDR S&P Regional Banking ETF by 86.6% during the third quarter. Alaska Permanent Fund Corp now owns 1,548,840 shares of the exchange traded fund’s stock worth $64,695,000 after acquiring an additional 718,735 shares during the last quarter. LPL Financial LLC increased its stake in SPDR S&P Regional Banking ETF by 12.2% during the third quarter. LPL Financial LLC now owns 1,339,950 shares of the exchange traded fund’s stock worth $55,970,000 after acquiring an additional 145,395 shares during the last quarter. Myriad Asset Management US LP purchased a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $21,661,000. Finally, Hsbc Holdings PLC increased its position in SPDR S&P Regional Banking ETF by 10.3% during the 3rd quarter. Hsbc Holdings PLC now owns 395,202 shares of the exchange traded fund’s stock worth $16,600,000 after purchasing an additional 36,798 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $49.65 on Friday. SPDR S&P Regional Banking ETF has a one year low of $34.52 and a one year high of $54.47. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The company’s 50 day moving average price is $48.25 and its 200 day moving average price is $47.76.

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.