Harbor Investment Advisory LLC Invests $1.33 Million in SPDR S&P Regional Banking ETF $KRE

Harbor Investment Advisory LLC bought a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 17,838 shares of the exchange traded fund’s stock, valued at approximately $1,335,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in KRE. Morgan Stanley boosted its holdings in SPDR S&P Regional Banking ETF by 23.3% during the fourth quarter. Morgan Stanley now owns 13,915,604 shares of the exchange traded fund’s stock valued at $901,870,000 after purchasing an additional 2,630,511 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in shares of SPDR S&P Regional Banking ETF by 6.2% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 8,964,000 shares of the exchange traded fund’s stock worth $580,957,000 after buying an additional 521,000 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of SPDR S&P Regional Banking ETF by 19.0% during the 3rd quarter. Two Sigma Investments LP now owns 3,919,400 shares of the exchange traded fund’s stock worth $248,098,000 after buying an additional 626,836 shares during the period. Bessemer Group Inc. lifted its position in shares of SPDR S&P Regional Banking ETF by 17.3% during the 1st quarter. Bessemer Group Inc. now owns 2,266,123 shares of the exchange traded fund’s stock worth $147,640,000 after buying an additional 333,799 shares during the period. Finally, Clal Insurance Enterprises Holdings Ltd acquired a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at $83,392,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE opened at $77.34 on Thursday. The business’s fifty day moving average price is $73.87 and its two-hundred day moving average price is $70.22. SPDR S&P Regional Banking ETF has a fifty-two week low of $57.55 and a fifty-two week high of $78.35. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84.

SPDR S&P Regional Banking ETF Company 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.