Madrid Financial Services Makes New $7.03 Million Investment in SPDR S&P Regional Banking ETF $KRE

Madrid Financial Services bought a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 101,184 shares of the exchange traded fund’s stock, valued at approximately $7,026,000. SPDR S&P Regional Banking ETF makes up 4.1% of Madrid Financial Services’ investment portfolio, making the stock its 15th largest holding.

Several other large investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. lifted its stake in SPDR S&P Regional Banking ETF by 17.3% in the first quarter. Bessemer Group Inc. now owns 2,266,123 shares of the exchange traded fund’s stock valued at $147,640,000 after buying an additional 333,799 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new position in shares of SPDR S&P Regional Banking ETF during the first quarter valued at $83,392,000. IMC Chicago LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF by 164.2% during the second quarter. IMC Chicago LLC now owns 568,491 shares of the exchange traded fund’s stock valued at $42,552,000 after acquiring an additional 353,319 shares during the period. Quantitative Investment Management LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the second quarter valued at $33,267,000. Finally, Cetera Investment Advisers grew its position in shares of SPDR S&P Regional Banking ETF by 11.6% during the first quarter. Cetera Investment Advisers now owns 272,998 shares of the exchange traded fund’s stock worth $17,786,000 after acquiring an additional 28,390 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

SPDR S&P Regional Banking ETF stock opened at $72.20 on Friday. SPDR S&P Regional Banking ETF has a one year low of $58.20 and a one year high of $78.35. The company has a 50-day simple moving average of $71.82 and a 200-day simple moving average of $71.10. The firm has a market capitalization of $4.25 billion, a P/E ratio of 12.39 and a beta of 0.87.

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.