882,884 Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Purchased by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, Holdings Channel reports. The firm acquired 882,884 shares of the exchange traded fund’s stock, valued at approximately $53,282,000.

Several other large investors also recently added to or reduced their stakes in KRE. Kohmann Bosshard Financial Services LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $26,000. Valley Wealth Managers Inc. increased its position in SPDR S&P Regional Banking ETF by 22,750.0% during the 4th quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock valued at $28,000 after purchasing an additional 455 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $32,000. Lee Danner & Bass Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $54,000. Finally, JFS Wealth Advisors LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 295.4% in the 4th quarter. JFS Wealth Advisors LLC now owns 945 shares of the exchange traded fund’s stock worth $57,000 after purchasing an additional 706 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $58.73 on Wednesday. The firm’s 50 day moving average price is $54.84 and its 200-day moving average price is $60.12. SPDR S&P Regional Banking ETF has a 52-week low of $45.76 and a 52-week high of $70.25. The company has a market cap of $3.35 billion, a PE ratio of 12.43 and a beta of 0.89.

SPDR S&P Regional Banking ETF 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.