Quantbot Technologies LP acquired a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 53,000 shares of the exchange traded fund’s stock, valued at approximately $3,355,000.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth $795,000. Founders Financial Securities LLC purchased a new position in SPDR S&P Regional Banking ETF during the third quarter valued at $1,756,000. Atlantic Union Bankshares Corp bought a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at $2,764,000. Banco Bilbao Vizcaya Argentaria S.A. boosted its holdings in shares of SPDR S&P Regional Banking ETF by 8.1% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 44,027 shares of the exchange traded fund’s stock valued at $2,625,000 after buying an additional 3,305 shares in the last quarter. Finally, Great Hill Capital LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth about $1,582,000.
SPDR S&P Regional Banking ETF Price Performance
Shares of SPDR S&P Regional Banking ETF stock opened at $67.76 on Tuesday. SPDR S&P Regional Banking ETF has a 1 year low of $47.06 and a 1 year high of $74.08. The firm has a market cap of $4.24 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. The company has a 50-day moving average of $68.76 and a 200 day moving average of $65.15.
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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