Governors Lane LP Has $641,000 Stock Position in SPDR S&P Regional Banking ETF $KRE

Governors Lane LP cut its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 61.2% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,566 shares of the exchange traded fund’s stock after selling 13,500 shares during the period. Governors Lane LP’s holdings in SPDR S&P Regional Banking ETF were worth $641,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cresset Asset Management LLC bought a new position in SPDR S&P Regional Banking ETF in the second quarter valued at about $343,000. Cerity Partners LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 0.7% in the second quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock worth $4,413,000 after acquiring an additional 505 shares during the last quarter. Engineers Gate Manager LP acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at approximately $2,058,000. HRT Financial LP bought a new stake in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at approximately $2,900,000. Finally, Man Group plc grew its holdings in shares of SPDR S&P Regional Banking ETF by 607.1% during the 2nd quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock valued at $2,891,000 after purchasing an additional 58,281 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

KRE stock opened at $74.31 on Wednesday. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 12.39 and a beta of 0.83. The company has a 50 day simple moving average of $75.63 and a 200 day simple moving average of $71.09. SPDR S&P Regional Banking ETF has a 1 year low of $57.55 and a 1 year high of $78.35.

About SPDR S&P Regional Banking ETF

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.