Stableford Capital II LLC Purchases Shares of 32,610 SPDR S&P Regional Banking ETF $KRE

Stableford Capital II LLC acquired a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 32,610 shares of the exchange traded fund’s stock, valued at approximately $2,064,000.

Other hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. increased its holdings in SPDR S&P Regional Banking ETF by 23.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,001,499 shares of the exchange traded fund’s stock valued at $118,869,000 after purchasing an additional 381,080 shares during the last quarter. B & T Capital Management DBA Alpha Capital Management purchased a new position in shares of SPDR S&P Regional Banking ETF during the second quarter worth $21,066,000. Curi RMB Capital LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the first quarter worth $16,704,000. Highlander Partners L.P. acquired a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter valued at $11,878,000. Finally, Garda Capital Partners LP acquired a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter valued at $8,166,000.

SPDR S&P Regional Banking ETF Trading Down 0.4%

KRE opened at $67.24 on Monday. The stock’s 50-day moving average price is $62.37 and its 200 day moving average price is $62.15. SPDR S&P Regional Banking ETF has a 12-month low of $47.06 and a 12-month high of $68.08. The firm has a market cap of $3.82 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90.

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.