Ground Swell Capital LLC Makes New $905,000 Investment in SPDR S&P Regional Banking ETF $KRE

Ground Swell Capital LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 15,239 shares of the exchange traded fund’s stock, valued at approximately $905,000. SPDR S&P Regional Banking ETF makes up approximately 1.4% of Ground Swell Capital LLC’s holdings, making the stock its 4th largest position.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KRE. Goldman Sachs Group Inc. raised its position in SPDR S&P Regional Banking ETF by 398.7% during the first quarter. Goldman Sachs Group Inc. now owns 17,812,900 shares of the exchange traded fund’s stock valued at $1,012,663,000 after purchasing an additional 14,240,865 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of SPDR S&P Regional Banking ETF by 27.1% in the 1st quarter. JPMorgan Chase & Co. now owns 4,706,674 shares of the exchange traded fund’s stock worth $267,574,000 after purchasing an additional 1,004,724 shares in the last quarter. SG Americas Securities LLC increased its position in shares of SPDR S&P Regional Banking ETF by 3,046.1% during the 1st quarter. SG Americas Securities LLC now owns 719,931 shares of the exchange traded fund’s stock valued at $40,928,000 after purchasing an additional 697,048 shares during the last quarter. Nan Fung Trinity HK Ltd. purchased a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter valued at about $30,233,000. Finally, First Financial Bankshares Inc raised its holdings in shares of SPDR S&P Regional Banking ETF by 0.5% during the 1st quarter. First Financial Bankshares Inc now owns 388,945 shares of the exchange traded fund’s stock valued at $22,112,000 after buying an additional 1,944 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE opened at $64.09 on Tuesday. SPDR S&P Regional Banking ETF has a 1 year low of $47.06 and a 1 year high of $70.25. The stock has a 50 day simple moving average of $63.25 and a two-hundred day simple moving average of $59.31. The firm has a market cap of $3.94 billion, a P/E ratio of 12.39 and a beta of 1.10.

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.