58,500 Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Acquired by Petiole USA ltd

Petiole USA ltd bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 58,500 shares of the exchange traded fund’s stock, valued at approximately $3,311,000. SPDR S&P Regional Banking ETF makes up 2.2% of Petiole USA ltd’s holdings, making the stock its 22nd biggest position. Petiole USA ltd owned 0.11% of SPDR S&P Regional Banking ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in KRE. Millrace Asset Group Inc. acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $2,686,000. FMR LLC grew its position in shares of SPDR S&P Regional Banking ETF by 151.0% during the third quarter. FMR LLC now owns 8,376 shares of the exchange traded fund’s stock worth $474,000 after buying an additional 5,039 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth approximately $408,000. DRW Securities LLC raised its holdings in SPDR S&P Regional Banking ETF by 35.1% in the third quarter. DRW Securities LLC now owns 151,326 shares of the exchange traded fund’s stock valued at $8,565,000 after acquiring an additional 39,326 shares in the last quarter. Finally, Centaurus Financial Inc. lifted its stake in SPDR S&P Regional Banking ETF by 4.6% in the third quarter. Centaurus Financial Inc. now owns 9,856 shares of the exchange traded fund’s stock worth $558,000 after acquiring an additional 432 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Down 0.2 %

NYSEARCA KRE opened at $68.74 on Tuesday. SPDR S&P Regional Banking ETF has a 52 week low of $43.51 and a 52 week high of $70.25. The firm has a 50 day moving average of $59.98 and a two-hundred day moving average of $54.86. The stock has a market capitalization of $3.67 billion, a PE ratio of 8.36 and a beta of 1.56.

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.