Skylands Capital LLC Buys Shares of 21,100 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Skylands Capital LLC purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,100 shares of the exchange traded fund’s stock, valued at approximately $1,273,000.

Other hedge funds have also recently bought and sold shares of the company. EP Wealth Advisors LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 1,910.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock valued at $25,461,000 after acquiring an additional 427,473 shares during the last quarter. Holocene Advisors LP raised its holdings in shares of SPDR S&P Regional Banking ETF by 142.6% in the 3rd quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock worth $29,963,000 after purchasing an additional 311,147 shares during the period. DAVENPORT & Co LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $14,868,000. Quadrature Capital Ltd purchased a new position in SPDR S&P Regional Banking ETF in the third quarter valued at approximately $13,938,000. Finally, DE Burlo Group Inc. acquired a new position in SPDR S&P Regional Banking ETF during the third quarter valued at approximately $11,377,000.

SPDR S&P Regional Banking ETF Stock Down 2.6 %

KRE opened at $61.42 on Monday. The company has a 50 day moving average of $62.35 and a two-hundred day moving average of $60.55. SPDR S&P Regional Banking ETF has a 52-week low of $45.46 and a 52-week high of $70.25. The company has a market cap of $3.28 billion, a P/E ratio of 8.36 and a beta of 1.56.

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.