IMC Chicago LLC Takes Position in SPDR S&P Regional Banking ETF $KRE

IMC Chicago LLC bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 110,878 shares of the exchange traded fund’s stock, valued at approximately $7,019,000.

A number of other hedge funds have also added to or reduced their stakes in KRE. Realta Investment Advisors bought a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $27,000. Grey Fox Wealth Advisors LLC bought a new position in SPDR S&P Regional Banking ETF during the third quarter worth $35,000. Mountain Hill Investment Partners Corp. acquired a new stake in SPDR S&P Regional Banking ETF in the third quarter worth $39,000. Private Wealth Asset Management LLC increased its stake in SPDR S&P Regional Banking ETF by 114.9% in the second quarter. Private Wealth Asset Management LLC now owns 935 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 500 shares in the last quarter. Finally, Private Trust Co. NA acquired a new position in shares of SPDR S&P Regional Banking ETF during the second quarter valued at about $57,000.

SPDR S&P Regional Banking ETF Price Performance

KRE stock opened at $72.35 on Thursday. The company’s 50-day moving average is $66.90 and its 200-day moving average is $63.89. The stock has a market capitalization of $4.52 billion, a PE ratio of 12.39 and a beta of 0.90. SPDR S&P Regional Banking ETF has a 1 year low of $47.06 and a 1 year high of $73.24.

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.