Belpointe Asset Management LLC Takes Position in SPDR KBW Regional Banking (KRE)
Belpointe Asset Management LLC acquired a new stake in SPDR KBW Regional Banking (NYSEARCA:KRE) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,740 shares of the exchange traded fund’s stock, valued at approximately $212,000.
Other large investors have also recently bought and sold shares of the company. Welch Group LLC purchased a new stake in SPDR KBW Regional Banking in the second quarter valued at approximately $100,000. MCF Advisors LLC purchased a new stake in SPDR KBW Regional Banking in the third quarter valued at approximately $119,000. Bronfman E.L. Rothschild L.P. grew its holdings in SPDR KBW Regional Banking by 83.1% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 2,203 shares of the exchange traded fund’s stock valued at $121,000 after purchasing an additional 1,000 shares during the period. Synovus Financial Corp grew its holdings in SPDR KBW Regional Banking by 187.5% in the second quarter. Synovus Financial Corp now owns 2,608 shares of the exchange traded fund’s stock valued at $143,000 after purchasing an additional 1,701 shares during the period. Finally, Jacobi Capital Management LLC grew its holdings in SPDR KBW Regional Banking by 11.5% in the second quarter. Jacobi Capital Management LLC now owns 3,025 shares of the exchange traded fund’s stock valued at $168,000 after purchasing an additional 311 shares during the period.
SPDR KBW Regional Banking (KRE) traded up $0.90 during trading on Monday, reaching $59.97. 14,536,199 shares of the company were exchanged, compared to its average volume of 6,882,506. SPDR KBW Regional Banking has a 52-week low of $49.31 and a 52-week high of $61.26.
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SPDR KBW Regional Banking 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.
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