Capstone Investment Advisors LLC Raises Stock Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Capstone Investment Advisors LLC increased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 49.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 466,717 shares of the exchange traded fund’s stock after buying an additional 154,089 shares during the quarter. Capstone Investment Advisors LLC owned 0.87% of SPDR S&P Regional Banking ETF worth $23,467,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Transcendent Capital Group LLC purchased a new position in SPDR S&P Regional Banking ETF in the 4th quarter worth about $26,000. Founders Financial Alliance LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $52,000. Vestor Capital LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $54,000. ICA Group Wealth Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $59,000. Finally, Woodmont Investment Counsel LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter valued at about $63,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE traded down $0.71 during midday trading on Friday, hitting $47.94. 14,015,831 shares of the company’s stock traded hands, compared to its average volume of 13,833,934. SPDR S&P Regional Banking ETF has a 1 year low of $37.66 and a 1 year high of $54.47. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The firm has a fifty day moving average of $48.49 and a 200 day moving average of $49.06.

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.