Watchman Group Inc. Purchases New Position in SPDR S&P Regional Banking ETF $KRE

Watchman Group Inc. acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 31,227 shares of the exchange traded fund’s stock, valued at approximately $1,855,000. Watchman Group Inc. owned approximately 0.06% of SPDR S&P Regional Banking ETF at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in KRE. Goldman Sachs Group Inc. increased its holdings in shares of SPDR S&P Regional Banking ETF by 398.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,812,900 shares of the exchange traded fund’s stock worth $1,012,663,000 after purchasing an additional 14,240,865 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in SPDR S&P Regional Banking ETF by 27.1% in the 1st quarter. JPMorgan Chase & Co. now owns 4,706,674 shares of the exchange traded fund’s stock worth $267,574,000 after buying an additional 1,004,724 shares in the last quarter. Bessemer Group Inc. increased its holdings in SPDR S&P Regional Banking ETF by 23.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,001,499 shares of the exchange traded fund’s stock worth $118,869,000 after buying an additional 381,080 shares in the last quarter. Nan Fung Trinity HK Ltd. purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter worth about $30,233,000. Finally, First Financial Bankshares Inc lifted its stake in SPDR S&P Regional Banking ETF by 0.5% during the 1st quarter. First Financial Bankshares Inc now owns 388,945 shares of the exchange traded fund’s stock valued at $22,112,000 after acquiring an additional 1,944 shares during the period.

SPDR S&P Regional Banking ETF Stock Down 0.3%

Shares of NYSEARCA KRE opened at $59.59 on Friday. The firm’s 50-day moving average price is $61.86 and its 200-day moving average price is $60.97. SPDR S&P Regional Banking ETF has a 52-week low of $47.06 and a 52-week high of $70.25. The company has a market cap of $3.38 billion, a PE ratio of 12.39 and a beta of 0.90.

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.