1858 Wealth Management LLC Buys New Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

1858 Wealth Management LLC bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 15,286 shares of the exchange traded fund’s stock, valued at approximately $865,000.

Several other institutional investors and hedge funds have also bought and sold shares of KRE. Jane Street Group LLC grew its position in SPDR S&P Regional Banking ETF by 136.5% during the 1st quarter. Jane Street Group LLC now owns 2,894,177 shares of the exchange traded fund’s stock worth $145,519,000 after purchasing an additional 1,670,478 shares during the last quarter. Baymount Management LP acquired a new stake in SPDR S&P Regional Banking ETF during the 1st quarter worth about $51,185,000. Mirae Asset Securities USA Inc. purchased a new stake in SPDR S&P Regional Banking ETF during the 2nd quarter valued at about $36,825,000. DRW Securities LLC increased its holdings in shares of SPDR S&P Regional Banking ETF by 117.6% in the second quarter. DRW Securities LLC now owns 112,000 shares of the exchange traded fund’s stock valued at $5,499,000 after purchasing an additional 748,248 shares during the period. Finally, SG Americas Securities LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 1,414.4% in the second quarter. SG Americas Securities LLC now owns 700,479 shares of the exchange traded fund’s stock worth $34,394,000 after purchasing an additional 654,225 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Down 2.3 %

Shares of SPDR S&P Regional Banking ETF stock traded down $1.38 on Monday, reaching $58.26. 10,557,081 shares of the stock were exchanged, compared to its average volume of 14,191,872. The business has a 50 day moving average price of $56.20 and a two-hundred day moving average price of $52.17. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a twelve month low of $37.66 and a twelve month high of $60.61.

SPDR S&P Regional Banking ETF 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.