Merit Financial Group LLC Acquires 17,107 Shares of SPDR S&P Regional Banking ETF $KRE

Merit Financial Group LLC boosted its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 331.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,271 shares of the exchange traded fund’s stock after acquiring an additional 17,107 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,443,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Kapitalo Investimentos Ltda bought a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at $104,441,000. Jump Financial LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at $46,715,000. Nan Shan Life Insurance Co. Ltd. lifted its holdings in shares of SPDR S&P Regional Banking ETF by 3,515.3% during the 3rd quarter. Nan Shan Life Insurance Co. Ltd. now owns 651,544 shares of the exchange traded fund’s stock valued at $41,243,000 after buying an additional 633,522 shares during the period. Two Sigma Investments LP lifted its holdings in shares of SPDR S&P Regional Banking ETF by 19.0% during the 3rd quarter. Two Sigma Investments LP now owns 3,919,400 shares of the exchange traded fund’s stock valued at $248,098,000 after buying an additional 626,836 shares during the period. Finally, Fiduciary Trust Co lifted its holdings in shares of SPDR S&P Regional Banking ETF by 11,595.2% during the 3rd quarter. Fiduciary Trust Co now owns 604,057 shares of the exchange traded fund’s stock valued at $38,237,000 after buying an additional 598,892 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE opened at $69.25 on Thursday. The business’s fifty day moving average price is $67.16 and its 200-day moving average price is $65.63. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of 12.39 and a beta of 0.87. SPDR S&P Regional Banking ETF has a 1-year low of $53.01 and a 1-year high of $74.08.

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.