Cladis Investment Advisory LLC Takes Position in SPDR S&P Regional Banking ETF $KRE

Cladis Investment Advisory LLC acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 5,750 shares of the exchange traded fund’s stock, valued at approximately $327,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its stake in SPDR S&P Regional Banking ETF by 398.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 17,812,900 shares of the exchange traded fund’s stock worth $1,012,663,000 after buying an additional 14,240,865 shares during the period. JPMorgan Chase & Co. raised its stake in SPDR S&P Regional Banking ETF by 27.1% during the 1st quarter. JPMorgan Chase & Co. now owns 4,706,674 shares of the exchange traded fund’s stock worth $267,574,000 after buying an additional 1,004,724 shares during the period. Ensign Peak Advisors Inc raised its stake in SPDR S&P Regional Banking ETF by 32.8% during the 4th quarter. Ensign Peak Advisors Inc now owns 1,046,360 shares of the exchange traded fund’s stock worth $63,148,000 after buying an additional 258,175 shares during the period. Main Management ETF Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $58,334,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp acquired a new position in SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $53,282,000.

SPDR S&P Regional Banking ETF Stock Performance

KRE stock opened at $61.59 on Monday. The stock’s 50 day simple moving average is $60.51 and its 200 day simple moving average is $58.41. SPDR S&P Regional Banking ETF has a fifty-two week low of $47.06 and a fifty-two week high of $70.25. The company has a market cap of $3.40 billion, a P/E ratio of 12.39 and a beta of 1.10.

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.