Concentric Capital Strategies LP Takes $2.74 Million Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Concentric Capital Strategies LP purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 48,429 shares of the exchange traded fund’s stock, valued at approximately $2,741,000. Concentric Capital Strategies LP owned approximately 0.09% of SPDR S&P Regional Banking ETF at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in SPDR S&P Regional Banking ETF during the second quarter valued at $50,000. Parkside Investments LLC boosted its stake in SPDR S&P Regional Banking ETF by 2.6% during the second quarter. Parkside Investments LLC now owns 194,090 shares of the exchange traded fund’s stock worth $9,530,000 after acquiring an additional 4,865 shares in the last quarter. CX Institutional grew its holdings in SPDR S&P Regional Banking ETF by 2.1% in the second quarter. CX Institutional now owns 113,556 shares of the exchange traded fund’s stock worth $5,576,000 after purchasing an additional 2,342 shares during the period. SG Americas Securities LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 1,414.4% during the second quarter. SG Americas Securities LLC now owns 700,479 shares of the exchange traded fund’s stock valued at $34,394,000 after purchasing an additional 654,225 shares in the last quarter. Finally, Bremer Bank National Association lifted its holdings in shares of SPDR S&P Regional Banking ETF by 0.5% during the second quarter. Bremer Bank National Association now owns 253,082 shares of the exchange traded fund’s stock valued at $12,426,000 after purchasing an additional 1,244 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Down 1.0 %

Shares of KRE opened at $67.08 on Tuesday. The stock has a market cap of $3.58 billion, a P/E ratio of 8.36 and a beta of 1.56. The business’s 50 day moving average price is $60.79 and its 200-day moving average price is $55.34. SPDR S&P Regional Banking ETF has a 52 week low of $45.46 and a 52 week high of $70.25.

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.