Truist Financial Corp grew its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 4.5% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 220,954 shares of the exchange traded fund’s stock after purchasing an additional 9,442 shares during the quarter. Truist Financial Corp’s holdings in SPDR S&P Regional Banking ETF were worth $13,122,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Legend Financial Advisors Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at $25,000. SouthState Corp bought a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $27,000. Oakworth Capital Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $44,000. Provident Wealth Management LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $51,000. Finally, AlphaCore Capital LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at $57,000.
SPDR S&P Regional Banking ETF Stock Up 1.0%
Shares of NYSEARCA KRE opened at $63.45 on Friday. The firm has a market cap of $3.97 billion, a PE ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 12-month low of $47.06 and a 12-month high of $70.25. The company’s fifty day simple moving average is $63.21 and its 200 day simple moving average is $59.24.
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.
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