Parcion Private Wealth LLC Makes New $14.19 Million Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Parcion Private Wealth LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 250,696 shares of the exchange traded fund’s stock, valued at approximately $14,189,000. SPDR S&P Regional Banking ETF accounts for approximately 1.2% of Parcion Private Wealth LLC’s investment portfolio, making the stock its 19th largest position.

Several other large investors also recently made changes to their positions in the business. Jane Street Group LLC lifted its stake in SPDR S&P Regional Banking ETF by 136.5% during the first quarter. Jane Street Group LLC now owns 2,894,177 shares of the exchange traded fund’s stock valued at $145,519,000 after purchasing an additional 1,670,478 shares during the last quarter. Main Management ETF Advisors LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 2.6% during the 2nd quarter. Main Management ETF Advisors LLC now owns 2,538,750 shares of the exchange traded fund’s stock valued at $124,653,000 after acquiring an additional 63,750 shares during the last quarter. Baymount Management LP bought a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth $51,185,000. Bessemer Group Inc. grew its holdings in shares of SPDR S&P Regional Banking ETF by 7.5% in the 1st quarter. Bessemer Group Inc. now owns 913,986 shares of the exchange traded fund’s stock worth $45,956,000 after acquiring an additional 63,380 shares during the last quarter. Finally, Main Management Fund Advisors LLC raised its position in shares of SPDR S&P Regional Banking ETF by 11.6% during the first quarter. Main Management Fund Advisors LLC now owns 884,200 shares of the exchange traded fund’s stock worth $44,458,000 after purchasing an additional 92,200 shares during the period.

SPDR S&P Regional Banking ETF Stock Down 1.8 %

Shares of NYSEARCA KRE opened at $57.90 on Friday. SPDR S&P Regional Banking ETF has a 12 month low of $38.48 and a 12 month high of $60.61. The company has a market cap of $3.09 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The business has a fifty day simple moving average of $56.70 and a 200-day simple moving average of $52.46.

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.