Galaxy Digital Inc. Makes New Investment in SPDR S&P Regional Banking ETF $KRE

Galaxy Digital Inc. bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 15,837 shares of the exchange traded fund’s stock, valued at approximately $1,032,000.

A number of other institutional investors and hedge funds also recently modified their holdings of KRE. Renaissance Technologies LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 21.0% in the 1st quarter. Renaissance Technologies LLC now owns 141,900 shares of the exchange traded fund’s stock valued at $9,245,000 after buying an additional 24,600 shares during the period. MWA Asset Management acquired a new stake in SPDR S&P Regional Banking ETF during the first quarter worth about $46,000. Lido Advisors LLC raised its stake in SPDR S&P Regional Banking ETF by 129.2% during the first quarter. Lido Advisors LLC now owns 53,565 shares of the exchange traded fund’s stock worth $3,490,000 after acquiring an additional 30,194 shares during the period. Cetera Investment Advisers lifted its holdings in SPDR S&P Regional Banking ETF by 11.6% in the first quarter. Cetera Investment Advisers now owns 272,998 shares of the exchange traded fund’s stock worth $17,786,000 after acquiring an additional 28,390 shares during the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd bought a new position in SPDR S&P Regional Banking ETF in the first quarter worth about $83,392,000.

SPDR S&P Regional Banking ETF Trading Up 0.8%

NYSEARCA:KRE opened at $75.73 on Friday. The stock has a 50 day moving average of $72.66 and a 200-day moving average of $69.67. The firm has a market capitalization of $4.73 billion, a PE ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a 52 week low of $57.55 and a 52 week high of $78.10.

About SPDR S&P Regional Banking ETF

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.