Private Wealth Asset Management LLC Raises Stock Holdings in SPDR S&P Regional Banking ETF $KRE

Private Wealth Asset Management LLC boosted its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 114.9% in the second quarter, HoldingsChannel reports. The institutional investor owned 935 shares of the exchange traded fund’s stock after acquiring an additional 500 shares during the quarter. Private Wealth Asset Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $56,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Goldman Sachs Group Inc. grew its position in shares of SPDR S&P Regional Banking ETF by 398.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 17,812,900 shares of the exchange traded fund’s stock worth $1,012,663,000 after buying an additional 14,240,865 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in SPDR S&P Regional Banking ETF by 27.1% in the first quarter. JPMorgan Chase & Co. now owns 4,706,674 shares of the exchange traded fund’s stock valued at $267,574,000 after acquiring an additional 1,004,724 shares in the last quarter. Nan Fung Trinity HK Ltd. bought a new stake in SPDR S&P Regional Banking ETF in the first quarter valued at $30,233,000. Curi RMB Capital LLC purchased a new position in SPDR S&P Regional Banking ETF during the 1st quarter valued at $16,704,000. Finally, Jump Financial LLC raised its holdings in SPDR S&P Regional Banking ETF by 198.0% in the 1st quarter. Jump Financial LLC now owns 183,597 shares of the exchange traded fund’s stock worth $10,437,000 after purchasing an additional 121,979 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Down 2.3%

NYSEARCA:KRE opened at $61.98 on Thursday. The company has a 50-day moving average price of $63.59 and a 200-day moving average price of $59.51. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 12 month low of $47.06 and a 12 month 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.