Quadrature Capital Ltd Invests $349,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Quadrature Capital Ltd purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,666 shares of the exchange traded fund’s stock, valued at approximately $349,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Transcendent Capital Group LLC purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth $26,000. Founders Financial Alliance LLC purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth $52,000. Vestor Capital LLC purchased a new position in SPDR S&P Regional Banking ETF during the fourth quarter valued at $54,000. ICA Group Wealth Management LLC purchased a new position in SPDR S&P Regional Banking ETF during the fourth quarter valued at $59,000. Finally, Allworth Financial LP lifted its holdings in SPDR S&P Regional Banking ETF by 219.5% during 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 in the last quarter.

SPDR S&P Regional Banking ETF Stock Up 2.0 %

KRE opened at $47.58 on Tuesday. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 52-week low of $37.66 and a 52-week high of $54.47. The firm’s fifty day simple moving average is $48.35 and its two-hundred day simple moving average is $49.20.

SPDR S&P Regional Banking ETF Profile

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.