Deltec Asset Management LLC Purchases 66,840 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Deltec Asset Management LLC increased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KREFree Report) by 106.8% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 129,420 shares of the exchange traded fund’s stock after acquiring an additional 66,840 shares during the quarter. SPDR S&P Regional Banking ETF accounts for 1.3% of Deltec Asset Management LLC’s holdings, making the stock its 21st largest position. Deltec Asset Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $6,507,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in KRE. Transcendent Capital Group LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $26,000. Founders Financial Alliance LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $52,000. Vestor Capital LLC acquired a new stake in SPDR S&P Regional Banking ETF during the 4th quarter valued at approximately $54,000. ICA Group Wealth Management LLC bought a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $59,000. Finally, Allworth Financial LP lifted its position in shares of SPDR S&P Regional Banking ETF by 219.5% in the 4th quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock worth $69,000 after purchasing an additional 900 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA:KRE traded up $1.47 during trading on Friday, reaching $49.10. The stock had a trading volume of 28,137,337 shares, compared to its average volume of 13,901,816. SPDR S&P Regional Banking ETF has a 52 week low of $37.66 and a 52 week high of $54.47. The firm’s fifty day moving average is $48.47 and its 200 day moving average is $49.17. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

About SPDR S&P Regional Banking ETF

(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.

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

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