Kovack Advisors Inc. Raises Stock Holdings in SPDR S&P Regional Banking ETF $KRE

Kovack Advisors Inc. grew its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 15.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 25,177 shares of the exchange traded fund’s stock after buying an additional 3,456 shares during the period. Kovack Advisors Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $1,495,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Goldman Sachs Group Inc. increased its position in SPDR S&P Regional Banking ETF by 398.7% in the first 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 in the last quarter. JPMorgan Chase & Co. increased its position in SPDR S&P Regional Banking ETF by 27.1% in the first 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 in the last quarter. Bessemer Group Inc. increased its position in SPDR S&P Regional Banking ETF by 23.5% in the second quarter. Bessemer Group Inc. now owns 2,001,499 shares of the exchange traded fund’s stock worth $118,869,000 after buying an additional 381,080 shares in the last quarter. Nan Fung Trinity HK Ltd. purchased a new stake in SPDR S&P Regional Banking ETF in the first quarter worth about $30,233,000. Finally, First Financial Bankshares Inc increased its position in SPDR S&P Regional Banking ETF by 0.5% in the first quarter. First Financial Bankshares Inc now owns 388,945 shares of the exchange traded fund’s stock worth $22,112,000 after buying an additional 1,944 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Up 0.2%

Shares of KRE opened at $60.00 on Friday. The business has a 50-day simple moving average of $63.25 and a two-hundred day simple moving average of $60.27. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. SPDR S&P Regional Banking ETF has a 52 week low of $47.06 and a 52 week high of $70.25.

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.