IMC Chicago LLC grew its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 164.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 568,491 shares of the exchange traded fund’s stock after purchasing an additional 353,319 shares during the quarter. IMC Chicago LLC’s holdings in SPDR S&P Regional Banking ETF were worth $42,552,000 as of its most recent filing with the SEC.
Several other hedge funds also recently modified their holdings of the company. Cresset Asset Management LLC bought a new position in SPDR S&P Regional Banking ETF during the second quarter valued at about $343,000. Cerity Partners LLC raised its position in SPDR S&P Regional Banking ETF by 0.7% in the second quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock worth $4,413,000 after acquiring an additional 505 shares in the last quarter. Engineers Gate Manager LP bought a new stake in SPDR S&P Regional Banking ETF in the second quarter worth about $2,058,000. HRT Financial LP bought a new stake in SPDR S&P Regional Banking ETF in the second quarter worth about $2,900,000. Finally, Man Group plc lifted its holdings in SPDR S&P Regional Banking ETF by 607.1% in the 2nd quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock valued at $2,891,000 after acquiring an additional 58,281 shares during the last quarter.
SPDR S&P Regional Banking ETF Trading Down 0.1%
NYSEARCA:KRE opened at $74.30 on Friday. SPDR S&P Regional Banking ETF has a twelve month low of $57.55 and a twelve month high of $78.35. The company has a 50-day moving average of $75.60 and a 200-day moving average of $70.97. The firm has a market cap of $4.52 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84.
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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