Galaxy Digital Inc. acquired a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 15,837 shares of the exchange traded fund’s stock, valued at approximately $1,032,000.
Other large investors have also recently added to or reduced their stakes in the company. Morgan Stanley grew its holdings in SPDR S&P Regional Banking ETF by 23.3% during the 4th quarter. Morgan Stanley now owns 13,915,604 shares of the exchange traded fund’s stock worth $901,870,000 after acquiring an additional 2,630,511 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at about $83,392,000. MKP Capital Management L.L.C. bought a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $48,329,000. Jump Financial LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the third quarter worth about $46,715,000. Finally, Nan Shan Life Insurance Co. Ltd. grew its stake in SPDR S&P Regional Banking ETF by 3,515.3% in the third quarter. Nan Shan Life Insurance Co. Ltd. now owns 651,544 shares of the exchange traded fund’s stock worth $41,243,000 after purchasing an additional 633,522 shares in the last quarter.
SPDR S&P Regional Banking ETF Stock Up 0.8%
Shares of SPDR S&P Regional Banking ETF stock opened at $75.73 on Friday. The firm has a market cap of $4.73 billion, a P/E ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a fifty-two week low of $57.55 and a fifty-two week high of $78.10. The business has a 50-day moving average price of $72.66 and a 200 day moving average price of $69.67.
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.
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