D.A. Davidson & CO. Takes $1.50 Million Position in SPDR S&P Regional Banking ETF $KRE

D.A. Davidson & CO. purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 22,969 shares of the exchange traded fund’s stock, valued at approximately $1,496,000.

Other large investors have also added to or reduced their stakes in the company. Bank of New York Mellon Corp acquired a new position in SPDR S&P Regional Banking ETF in the 1st quarter valued at $555,000. IMC Chicago LLC grew its holdings in shares of SPDR S&P Regional Banking ETF by 147.3% during the 1st quarter. IMC Chicago LLC now owns 215,172 shares of the exchange traded fund’s stock worth $14,018,000 after purchasing an additional 128,166 shares in the last quarter. J. Safra Sarasin Holding AG acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth $356,000. Carnegie Investment Counsel increased its position in shares of SPDR S&P Regional Banking ETF by 1.3% in the first quarter. Carnegie Investment Counsel now owns 94,476 shares of the exchange traded fund’s stock worth $6,155,000 after purchasing an additional 1,243 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of SPDR S&P Regional Banking ETF by 401.7% in the first quarter. Fifth Third Bancorp now owns 6,768 shares of the exchange traded fund’s stock worth $441,000 after purchasing an additional 5,419 shares during the period.

SPDR S&P Regional Banking ETF Stock Up 0.1%

KRE stock opened at $75.98 on Wednesday. The company has a market cap of $4.87 billion, a PE ratio of 12.39 and a beta of 0.84. The business has a 50-day simple moving average of $72.17 and a 200 day simple moving average of $69.48. SPDR S&P Regional Banking ETF has a 52 week low of $57.55 and a 52 week high of $78.10.

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.