Parkside Investments LLC Has $9.51 Million Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Parkside Investments LLC boosted its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 20.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 189,225 shares of the exchange traded fund’s stock after purchasing an additional 31,765 shares during the quarter. SPDR S&P Regional Banking ETF comprises 1.5% of Parkside Investments LLC’s holdings, making the stock its 25th largest position. Parkside Investments LLC’s holdings in SPDR S&P Regional Banking ETF were worth $9,514,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of KRE. Hsbc Holdings PLC increased its stake in shares of SPDR S&P Regional Banking ETF by 10.3% in the third quarter. Hsbc Holdings PLC now owns 395,202 shares of the exchange traded fund’s stock valued at $16,600,000 after buying an additional 36,798 shares in the last quarter. Mutual Advisors LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 4.0% in the third quarter. Mutual Advisors LLC now owns 15,117 shares of the exchange traded fund’s stock valued at $631,000 after buying an additional 578 shares in the last quarter. Bank of Nova Scotia increased its stake in shares of SPDR S&P Regional Banking ETF by 9.8% in the third quarter. Bank of Nova Scotia now owns 25,567 shares of the exchange traded fund’s stock valued at $1,068,000 after buying an additional 2,280 shares in the last quarter. Waverly Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter valued at $325,000. Finally, Glenmede Trust Co. NA increased its stake in shares of SPDR S&P Regional Banking ETF by 142.7% in the third quarter. Glenmede Trust Co. NA now owns 5,035 shares of the exchange traded fund’s stock valued at $210,000 after buying an additional 2,960 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA:KRE traded down $0.12 on Wednesday, hitting $46.81. 2,700,346 shares of the stock were exchanged, compared to its average volume of 13,792,194. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 52 week low of $37.66 and a 52 week high of $54.47. The company’s 50-day moving average price is $48.38 and its 200 day moving average price is $49.19.

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.