Factory Mutual Insurance Co. Has $8.76 Million Stock Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Factory Mutual Insurance Co. cut its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KREFree Report) by 43.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 174,200 shares of the exchange traded fund’s stock after selling 134,600 shares during the quarter. Factory Mutual Insurance Co. owned approximately 0.24% of SPDR S&P Regional Banking ETF worth $8,759,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of KRE. Transcendent Capital Group LLC acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth $26,000. Founders Financial Alliance LLC acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth $52,000. Vestor Capital LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $54,000. ICA Group Wealth Management LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $59,000. Finally, Allworth Financial LP grew its position in shares of SPDR S&P Regional Banking ETF by 219.5% in the fourth quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 900 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA:KRE traded down $0.47 during midday trading on Tuesday, hitting $47.11. The company’s stock had a trading volume of 4,246,913 shares, compared to its average volume of 13,841,168. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The stock’s 50 day simple moving average is $48.35 and its 200 day simple moving average is $49.20. SPDR S&P Regional Banking ETF has a fifty-two week low of $37.66 and a fifty-two week high of $54.47.

SPDR S&P Regional Banking ETF Profile

(Free Report)

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.

Read More

Want to see what other hedge funds are holding KRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Regional Banking ETF (NYSEARCA:KREFree Report).

Institutional Ownership by Quarter for SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Receive News & Ratings for SPDR S&P Regional Banking ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Regional Banking ETF and related companies with MarketBeat.com's FREE daily email newsletter.