Oppenheimer & Co. Inc. Purchases 17,890 Shares of SPDR S&P Regional Banking ETF $KRE

Oppenheimer & Co. Inc. increased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 297.7% during the third quarter, Holdings Channel reports. The fund owned 23,899 shares of the exchange traded fund’s stock after purchasing an additional 17,890 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $1,660,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Clal Insurance Enterprises Holdings Ltd bought a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at about $83,392,000. Quantitative Investment Management LLC bought a new position in SPDR S&P Regional Banking ETF in the 2nd quarter worth about $33,267,000. IMC Chicago LLC grew its position in SPDR S&P Regional Banking ETF by 164.2% in the 2nd quarter. IMC Chicago LLC now owns 568,491 shares of the exchange traded fund’s stock worth $42,552,000 after purchasing an additional 353,319 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of SPDR S&P Regional Banking ETF by 17.3% in the first quarter. Bessemer Group Inc. now owns 2,266,123 shares of the exchange traded fund’s stock valued at $147,640,000 after purchasing an additional 333,799 shares during the period. Finally, Insight Wealth Strategies LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter valued at approximately $18,818,000.

SPDR S&P Regional Banking ETF Stock Performance

KRE opened at $72.01 on Monday. The business’s 50 day moving average is $71.97 and its 200-day moving average is $70.96. The stock has a market cap of $4.04 billion, a PE ratio of 12.39 and a beta of 0.87. SPDR S&P Regional Banking ETF has a twelve month low of $58.20 and a twelve month high of $78.35.

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.