Alpine Group USVI LLC Invests $3.74 Million in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Alpine Group USVI LLC bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 70,850 shares of the exchange traded fund’s stock, valued at approximately $3,740,000. SPDR S&P Regional Banking ETF comprises approximately 1.0% of Alpine Group USVI LLC’s holdings, making the stock its 18th biggest holding. Alpine Group USVI LLC owned about 0.21% of SPDR S&P Regional Banking ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of KRE. Clal Insurance Enterprises Holdings Ltd acquired a new stake in SPDR S&P Regional Banking ETF in the 1st quarter worth about $27,467,000. Simplex Trading LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at approximately $2,294,000. Bartlett & Co. LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at approximately $40,000. RPg Family Wealth Advisory LLC raised its position in shares of SPDR S&P Regional Banking ETF by 329.6% in the 1st quarter. RPg Family Wealth Advisory LLC now owns 3,501 shares of the exchange traded fund’s stock valued at $180,000 after buying an additional 2,686 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in shares of SPDR S&P Regional Banking ETF by 50.4% in the 2nd quarter. Captrust Financial Advisors now owns 9,814 shares of the exchange traded fund’s stock valued at $524,000 after buying an additional 3,290 shares in the last quarter.

Shares of NYSEARCA:KRE traded up $0.97 during midday trading on Friday, hitting $52.13. The stock had a trading volume of 649,287 shares, compared to its average volume of 7,390,604. The company’s 50-day moving average price is $51.60 and its 200-day moving average price is $52.65. SPDR S&P Regional Banking ETF has a fifty-two week low of $43.95 and a fifty-two week high of $58.99.

The business also recently declared a — dividend, which was paid on Wednesday, September 25th. Investors of record on Monday, September 23rd were issued a dividend of $0.3301 per share. This represents a dividend yield of 2.2%. The ex-dividend date of this dividend was Friday, September 20th.

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.

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Institutional Ownership by Quarter for SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

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