Bessemer Group Inc. Trims Position in SPDR S&P Regional Banking ETF $KRE

Bessemer Group Inc. lessened its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 11.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,932,324 shares of the exchange traded fund’s stock after selling 255,095 shares during the period. Bessemer Group Inc. owned 3.09% of SPDR S&P Regional Banking ETF worth $125,236,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Two Sigma Investments LP grew its holdings in SPDR S&P Regional Banking ETF by 19.0% during the third quarter. Two Sigma Investments LP now owns 3,919,400 shares of the exchange traded fund’s stock valued at $248,098,000 after purchasing an additional 626,836 shares during the period. Kapitalo Investimentos Ltda purchased a new position in shares of SPDR S&P Regional Banking ETF in the third quarter valued at about $104,441,000. Jump Financial LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth about $46,715,000. Nan Shan Life Insurance Co. Ltd. lifted its position in shares of SPDR S&P Regional Banking ETF by 3,515.3% in the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 651,544 shares of the exchange traded fund’s stock worth $41,243,000 after buying an additional 633,522 shares in the last quarter. Finally, Fiduciary Trust Co lifted its position in shares of SPDR S&P Regional Banking ETF by 11,595.2% in the third quarter. Fiduciary Trust Co now owns 604,057 shares of the exchange traded fund’s stock worth $38,237,000 after buying an additional 598,892 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Down 1.1%

NYSEARCA:KRE opened at $66.97 on Friday. SPDR S&P Regional Banking ETF has a 12 month low of $55.37 and a 12 month high of $74.08. The business’s 50-day moving average is $66.98 and its 200 day moving average is $66.44. The company has a market capitalization of $4.03 billion, a P/E ratio of 12.39 and a beta of 0.86.

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.