Truist Financial Corp Has $9.82 Million Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Truist Financial Corp lifted its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 0.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,914 shares of the exchange traded fund’s stock after acquiring an additional 1,006 shares during the period. Truist Financial Corp owned approximately 0.37% of SPDR S&P Regional Banking ETF worth $9,816,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Cetera Advisor Networks LLC lifted its stake in SPDR S&P Regional Banking ETF by 50.9% in the 4th quarter. Cetera Advisor Networks LLC now owns 92,161 shares of the exchange traded fund’s stock valued at $4,832,000 after acquiring an additional 31,074 shares in the last quarter. Stephens Inc. AR lifted its position in shares of SPDR S&P Regional Banking ETF by 19.2% in the fourth quarter. Stephens Inc. AR now owns 29,519 shares of the exchange traded fund’s stock worth $1,548,000 after purchasing an additional 4,750 shares in the last quarter. Lighthouse Investment Partners LLC boosted its holdings in SPDR S&P Regional Banking ETF by 5.4% during the fourth quarter. Lighthouse Investment Partners LLC now owns 117,742 shares of the exchange traded fund’s stock worth $6,173,000 after purchasing an additional 6,046 shares during the last quarter. Symmetry Investments LP bought a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at $13,658,000. Finally, First Financial Bankshares Inc acquired a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at $20,471,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE opened at $55.84 on Friday. The company’s 50-day moving average price is $55.56 and its two-hundred day moving average price is $51.53. SPDR S&P Regional Banking ETF has a one year low of $37.66 and a one year high of $59.59. The stock has a market capitalization of $2.98 billion, a PE ratio of 8.36 and a beta of 1.56.

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.