Oribel Capital Management LP Grows Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Oribel Capital Management LP raised its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KREGet Rating) by 260.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 552,900 shares of the exchange traded fund’s stock after purchasing an additional 399,700 shares during the quarter. SPDR S&P Regional Banking ETF accounts for approximately 1.5% of Oribel Capital Management LP’s investment portfolio, making the stock its 11th largest holding. Oribel Capital Management LP owned approximately 0.70% of SPDR S&P Regional Banking ETF worth $39,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Mascoma Wealth Management LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at about $25,000. Canton Hathaway LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at about $30,000. US Bancorp DE boosted its position in SPDR S&P Regional Banking ETF by 95.0% in the 3rd quarter. US Bancorp DE now owns 429 shares of the exchange traded fund’s stock valued at $29,000 after buying an additional 209 shares during the period. Northwest Investment Counselors LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at about $35,000. Finally, Solstein Capital LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at about $67,000.

Shares of KRE traded up $0.16 during mid-day trading on Friday, hitting $59.98. The company’s stock had a trading volume of 10,640,470 shares, compared to its average volume of 12,833,190. The company’s 50-day moving average is $65.84 and its 200-day moving average is $70.29. SPDR S&P Regional Banking ETF has a 52-week low of $58.71 and a 52-week high of $78.81.

About SPDR S&P Regional Banking ETF (Get Rating)

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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