Nan Shan Life Insurance Co. Ltd. Sells 120,039 Shares of SPDR S&P Regional Banking ETF $KRE

Nan Shan Life Insurance Co. Ltd. trimmed its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 81.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 28,000 shares of the exchange traded fund’s stock after selling 120,039 shares during the period. Nan Shan Life Insurance Co. Ltd.’s holdings in SPDR S&P Regional Banking ETF were worth $2,096,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in KRE. Cresset Asset Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter valued at approximately $343,000. Cerity Partners LLC increased its holdings in SPDR S&P Regional Banking ETF by 0.7% during the 2nd quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock worth $4,413,000 after purchasing an additional 505 shares during the period. Engineers Gate Manager LP purchased a new position in SPDR S&P Regional Banking ETF during the 2nd quarter worth $2,058,000. HRT Financial LP bought a new stake in SPDR S&P Regional Banking ETF during the 2nd quarter valued at $2,900,000. Finally, Man Group plc raised its position in SPDR S&P Regional Banking ETF by 607.1% during the 2nd quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock valued at $2,891,000 after purchasing an additional 58,281 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Down 1.3%

Shares of KRE stock opened at $72.62 on Wednesday. SPDR S&P Regional Banking ETF has a twelve month low of $57.55 and a twelve month high of $78.35. The stock has a fifty day simple moving average of $75.62 and a two-hundred day simple moving average of $70.96. The stock has a market capitalization of $4.42 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84.

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.