Quantitative Investment Management LLC Takes $33.27 Million Position in SPDR S&P Regional Banking ETF $KRE

Quantitative Investment Management LLC purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 444,460 shares of the exchange traded fund’s stock, valued at approximately $33,267,000. SPDR S&P Regional Banking ETF makes up about 3.6% of Quantitative Investment Management LLC’s portfolio, making the stock its 2nd biggest position. Quantitative Investment Management LLC owned approximately 0.73% of SPDR S&P Regional Banking ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fosun International Ltd grew its position in SPDR S&P Regional Banking ETF by 7.0% during the 2nd quarter. Fosun International Ltd now owns 29,324 shares of the exchange traded fund’s stock worth $2,195,000 after purchasing an additional 1,909 shares in the last quarter. Benjamin Edwards Inc. purchased a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter valued at $228,000. IMC Chicago LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 164.2% in the second quarter. IMC Chicago LLC now owns 568,491 shares of the exchange traded fund’s stock valued at $42,552,000 after purchasing an additional 353,319 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of SPDR S&P Regional Banking ETF by 5.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 115,879 shares of the exchange traded fund’s stock worth $8,674,000 after buying an additional 5,720 shares during the period. Finally, Toth Financial Advisory Corp boosted its position in shares of SPDR S&P Regional Banking ETF by 3.9% in the second quarter. Toth Financial Advisory Corp now owns 9,355 shares of the exchange traded fund’s stock worth $700,000 after buying an additional 350 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE stock opened at $74.30 on Monday. SPDR S&P Regional Banking ETF has a 1-year low of $57.55 and a 1-year high of $78.35. The company has a market capitalization of $4.52 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. The stock’s fifty day simple moving average is $75.60 and its 200-day simple moving average is $70.95.

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.