Grassi Investment Management Boosts Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Grassi Investment Management increased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KREFree Report) by 6.8% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 42,945 shares of the exchange traded fund’s stock after buying an additional 2,730 shares during the quarter. Grassi Investment Management’s holdings in SPDR S&P Regional Banking ETF were worth $2,159,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Allworth Financial LP lifted its stake in shares of SPDR S&P Regional Banking ETF by 219.5% in the fourth quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock worth $69,000 after buying an additional 900 shares in the last quarter. Valeo Financial Advisors LLC boosted its holdings in SPDR S&P Regional Banking ETF by 5.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,179 shares of the exchange traded fund’s stock worth $481,000 after buying an additional 456 shares during the period. International Assets Investment Management LLC grew its position in shares of SPDR S&P Regional Banking ETF by 3,228.6% during the fourth quarter. International Assets Investment Management LLC now owns 272,144 shares of the exchange traded fund’s stock worth $14,269,000 after purchasing an additional 263,968 shares in the last quarter. Symmetry Investments LP purchased a new stake in SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $13,658,000. Finally, Cibc World Markets Corp bought a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at $5,662,000.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA:KRE traded down $0.32 during trading hours on Friday, reaching $46.78. The stock had a trading volume of 4,342,915 shares, compared to its average volume of 13,881,117. The stock has a market capitalization of $2.50 billion, a PE ratio of 8.36 and a beta of 1.56. The company has a 50 day moving average price of $48.32 and a two-hundred day moving average price of $49.19. SPDR S&P Regional Banking ETF has a 52 week low of $37.66 and a 52 week high of $54.47.

SPDR S&P Regional Banking ETF Company Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding KRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Regional Banking ETF (NYSEARCA:KREFree Report).

Institutional Ownership by Quarter for SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

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