SPDR S&P Regional Banking ETF $KRE Shares Acquired by Bessemer Group Inc.

Bessemer Group Inc. boosted its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 17.3% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,266,123 shares of the exchange traded fund’s stock after purchasing an additional 333,799 shares during the quarter. Bessemer Group Inc. owned approximately 3.77% of SPDR S&P Regional Banking ETF worth $147,640,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Independent Financial Group LLC bought a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at $832,000. Wealthfront Advisers LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 89.7% during the 1st quarter. Wealthfront Advisers LLC now owns 10,000 shares of the exchange traded fund’s stock worth $652,000 after acquiring an additional 4,729 shares in the last quarter. D.A. Davidson & CO. acquired a new stake in shares of SPDR S&P Regional Banking ETF in the first quarter valued at about $1,496,000. Bank of New York Mellon Corp acquired a new position in SPDR S&P Regional Banking ETF during the first quarter worth $555,000. Finally, IMC Chicago LLC increased its position in SPDR S&P Regional Banking ETF by 147.3% during the first quarter. IMC Chicago LLC now owns 215,172 shares of the exchange traded fund’s stock worth $14,018,000 after buying an additional 128,166 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE stock opened at $77.92 on Friday. SPDR S&P Regional Banking ETF has a 52 week low of $57.55 and a 52 week high of $78.10. The company has a 50-day simple moving average of $71.73 and a 200 day simple moving average of $69.25. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84.

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.