JPMorgan Chase & Co. increased its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 4.0% in the 1st quarter, HoldingsChannel reports. The fund owned 8,778,328 shares of the exchange traded fund’s stock after acquiring an additional 335,974 shares during the period. JPMorgan Chase & Co. owned 0.20% of SPDR S&P Regional Banking ETF worth $450,680,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRE. Aspire Private Capital LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth about $35,000. Kwmg LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth about $43,000. Private Ocean LLC bought a new stake in SPDR S&P Regional Banking ETF in the first quarter worth about $46,000. Truvestments Capital LLC bought a new stake in SPDR S&P Regional Banking ETF in the first quarter worth about $50,000. Finally, Bay Harbor Wealth Management LLC lifted its stake in SPDR S&P Regional Banking ETF by 291.7% in the first quarter. Bay Harbor Wealth Management LLC now owns 1,038 shares of the exchange traded fund’s stock worth $53,000 after purchasing an additional 773 shares during the last quarter.
Shares of NYSEARCA KRE opened at $53.05 on Monday. SPDR S&P Regional Banking ETF has a 1 year low of $43.95 and a 1 year high of $66.04.
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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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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:KRE).
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