Quantitative Investment Management LLC Acquires Shares of 444,460 SPDR S&P Regional Banking ETF $KRE

Quantitative Investment Management LLC bought a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 444,460 shares of the exchange traded fund’s stock, valued at approximately $33,267,000. SPDR S&P Regional Banking ETF makes up about 3.6% of Quantitative Investment Management LLC’s holdings, making the stock its 2nd biggest holding.

A number of other institutional investors also recently modified their holdings of the stock. Cresset Asset Management LLC acquired a new position in shares of SPDR S&P Regional Banking ETF in the second quarter worth $343,000. Cerity Partners LLC raised its holdings in shares of SPDR S&P Regional Banking ETF by 0.7% during the second quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock worth $4,413,000 after acquiring an additional 505 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in SPDR S&P Regional Banking ETF during the second quarter valued at $2,058,000. HRT Financial LP acquired a new stake in SPDR S&P Regional Banking ETF during the second quarter valued at $2,900,000. Finally, Man Group plc grew its stake in SPDR S&P Regional Banking ETF by 607.1% in the second quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock valued at $2,891,000 after purchasing an additional 58,281 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA KRE opened at $74.30 on Monday. SPDR S&P Regional Banking ETF has a one year low of $57.55 and a one year high of $78.35. The business’s 50-day moving average price is $75.60 and its two-hundred day moving average price is $70.95. The company has a market capitalization of $4.52 billion, a P/E ratio of 12.39 and a beta of 0.84.

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.