Prospera Financial Services Inc increased its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 121.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 47,542 shares of the exchange traded fund’s stock after buying an additional 26,040 shares during the period. Prospera Financial Services Inc owned about 0.08% of SPDR S&P Regional Banking ETF worth $3,082,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in KRE. Kapitalo Investimentos Ltda bought a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth $104,441,000. Jump Financial LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth $46,715,000. Nan Shan Life Insurance Co. Ltd. increased its stake in shares of SPDR S&P Regional Banking ETF by 3,515.3% in the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 651,544 shares of the exchange traded fund’s stock worth $41,243,000 after buying an additional 633,522 shares during the last quarter. Two Sigma Investments LP boosted its holdings in SPDR S&P Regional Banking ETF by 19.0% in the third quarter. Two Sigma Investments LP now owns 3,919,400 shares of the exchange traded fund’s stock worth $248,098,000 after purchasing an additional 626,836 shares during the period. Finally, Fiduciary Trust Co boosted its holdings in SPDR S&P Regional Banking ETF by 11,595.2% in the third quarter. Fiduciary Trust Co now owns 604,057 shares of the exchange traded fund’s stock worth $38,237,000 after purchasing an additional 598,892 shares during the period.
SPDR S&P Regional Banking ETF Price Performance
SPDR S&P Regional Banking ETF stock opened at $70.30 on Wednesday. The company has a market cap of $4.23 billion, a PE ratio of 12.39 and a beta of 0.86. The company has a fifty day moving average price of $67.61 and a two-hundred day moving average price of $66.91. SPDR S&P Regional Banking ETF has a 12 month low of $55.55 and a 12 month high of $74.08.
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.
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