D.A. Davidson & CO. Takes Position in SPDR S&P Regional Banking ETF $KRE

D.A. Davidson & CO. bought a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 1st quarter, HoldingsChannel.com reports. The fund bought 22,969 shares of the exchange traded fund’s stock, valued at approximately $1,496,000.

Other institutional investors have also bought and sold shares of the company. Bank of New York Mellon Corp purchased a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at $555,000. IMC Chicago LLC lifted its stake in SPDR S&P Regional Banking ETF by 147.3% during the 1st quarter. IMC Chicago LLC now owns 215,172 shares of the exchange traded fund’s stock valued at $14,018,000 after acquiring an additional 128,166 shares in the last quarter. J. Safra Sarasin Holding AG bought a new position in SPDR S&P Regional Banking ETF during the 1st quarter valued at $356,000. Carnegie Investment Counsel boosted its holdings in SPDR S&P Regional Banking ETF by 1.3% during the 1st quarter. Carnegie Investment Counsel now owns 94,476 shares of the exchange traded fund’s stock worth $6,155,000 after acquiring an additional 1,243 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in SPDR S&P Regional Banking ETF by 401.7% during the 1st quarter. Fifth Third Bancorp now owns 6,768 shares of the exchange traded fund’s stock worth $441,000 after acquiring an additional 5,419 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE opened at $75.98 on Wednesday. SPDR S&P Regional Banking ETF has a 1 year low of $57.55 and a 1 year high of $78.10. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. The company has a fifty day moving average price of $72.17 and a 200-day moving average price of $69.48.

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.