JPMorgan Chase & Co. Has $168.61 Million Position in SPDR S&P Regional Banking ETF $KRE

JPMorgan Chase & Co. lowered its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 39.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,663,706 shares of the exchange traded fund’s stock after selling 1,719,060 shares during the period. JPMorgan Chase & Co.’s holdings in SPDR S&P Regional Banking ETF were worth $168,613,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Realta Investment Advisors acquired a new position in SPDR S&P Regional Banking ETF during the third quarter valued at $27,000. Grey Fox Wealth Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth about $35,000. Mountain Hill Investment Partners Corp. purchased a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $39,000. CWM LLC grew its stake in SPDR S&P Regional Banking ETF by 9.8% during the 2nd quarter. CWM LLC now owns 2,245 shares of the exchange traded fund’s stock valued at $133,000 after acquiring an additional 201 shares in the last quarter. Finally, AE Wealth Management LLC increased its holdings in shares of SPDR S&P Regional Banking ETF by 13.7% in the 3rd quarter. AE Wealth Management LLC now owns 2,322 shares of the exchange traded fund’s stock valued at $147,000 after purchasing an additional 280 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE opened at $71.90 on Friday. The firm has a market capitalization of $4.49 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. The company has a 50 day simple moving average of $68.58 and a 200-day simple moving average of $64.78. SPDR S&P Regional Banking ETF has a 52-week low of $47.06 and a 52-week high of $74.08.

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.