MKP Capital Management L.L.C. Takes Position in SPDR S&P Regional Banking ETF $KRE

MKP Capital Management L.L.C. purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 745,700 shares of the exchange traded fund’s stock, valued at approximately $48,329,000. SPDR S&P Regional Banking ETF comprises 1.7% of MKP Capital Management L.L.C.’s holdings, making the stock its 8th biggest holding. MKP Capital Management L.L.C. owned about 1.19% of SPDR S&P Regional Banking ETF as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in KRE. Aventura Private Wealth LLC purchased a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $26,000. Accent Capital Management LLC grew its stake in SPDR S&P Regional Banking ETF by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 300 shares during the last quarter. KERR FINANCIAL PLANNING Corp purchased a new position in SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $63,000. Assetmark Inc. grew its stake in SPDR S&P Regional Banking ETF by 207.0% during the 4th quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $69,000 after buying an additional 714 shares during the last quarter. Finally, Elyxium Wealth LLC purchased a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $70,000.

SPDR S&P Regional Banking ETF Stock Down 1.9%

NYSEARCA:KRE opened at $68.31 on Tuesday. The stock’s 50 day moving average price is $68.10 and its 200 day moving average price is $67.14. The company has a market capitalization of $4.11 billion, a PE ratio of 12.39 and a beta of 0.86. SPDR S&P Regional Banking ETF has a 52-week low of $55.55 and a 52-week high of $74.08.

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.