Kraft Davis & Associates LLC Invests $1.43 Million in SPDR S&P Regional Banking ETF $KRE

Kraft Davis & Associates LLC bought a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 22,307 shares of the exchange traded fund’s stock, valued at approximately $1,429,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its position in SPDR S&P Regional Banking ETF by 9.3% in the third quarter. Bessemer Group Inc. now owns 2,187,419 shares of the exchange traded fund’s stock valued at $138,462,000 after purchasing an additional 185,920 shares during the period. Kapitalo Investimentos Ltda acquired a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter valued at about $104,441,000. B & T Capital Management DBA Alpha Capital Management purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at about $21,066,000. Curi Capital LLC lifted its position in SPDR S&P Regional Banking ETF by 9.4% during the 2nd quarter. Curi Capital LLC now owns 321,421 shares of the exchange traded fund’s stock worth $19,089,000 after acquiring an additional 27,595 shares in the last quarter. Finally, Truist Financial Corp lifted its position in SPDR S&P Regional Banking ETF by 0.8% during the 3rd quarter. Truist Financial Corp now owns 222,744 shares of the exchange traded fund’s stock worth $14,100,000 after acquiring an additional 1,790 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Up 1.8%

Shares of NYSEARCA:KRE opened at $73.63 on Friday. The company has a market capitalization of $4.60 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. The company has a 50 day moving average of $67.29 and a two-hundred day moving average of $64.03. SPDR S&P Regional Banking ETF has a 52-week low of $47.06 and a 52-week high of $74.00.

About SPDR S&P Regional Banking ETF

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.