First Eagle Investment Management LLC Takes Position in SPDR S&P Regional Banking ETF $KRE

First Eagle Investment Management LLC purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the third quarter, Holdings Channel.com reports. The firm purchased 121,619 shares of the exchange traded fund’s stock, valued at approximately $7,698,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Lumbard & Kellner LLC raised its stake in shares of SPDR S&P Regional Banking ETF by 131.2% in the third quarter. Lumbard & Kellner LLC now owns 11,840 shares of the exchange traded fund’s stock worth $749,000 after acquiring an additional 6,718 shares during the last quarter. Bright Futures Wealth Management LLC. acquired a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter valued at approximately $3,358,000. Accent Capital Management LLC raised its position in SPDR S&P Regional Banking ETF by 100.0% in the 3rd quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Group One Trading LLC lifted its holdings in SPDR S&P Regional Banking ETF by 32.5% during the 3rd quarter. Group One Trading LLC now owns 23,454 shares of the exchange traded fund’s stock worth $1,485,000 after buying an additional 5,756 shares in the last quarter. Finally, Quantbot Technologies LP bought a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $3,355,000.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $67.30 on Wednesday. The stock has a market capitalization of $4.21 billion, a P/E ratio of 12.39 and a beta of 0.90. SPDR S&P Regional Banking ETF has a 52 week low of $47.06 and a 52 week high of $74.08. The stock has a fifty day moving average of $68.77 and a 200-day moving average of $65.19.

About SPDR S&P Regional Banking ETF

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.