Parsons Capital Management Inc. RI Acquires Shares of 4,040 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Parsons Capital Management Inc. RI purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,040 shares of the exchange traded fund’s stock, valued at approximately $207,000.

A number of other hedge funds have also modified their holdings of KRE. JPMorgan Chase & Co. increased its stake in SPDR S&P Regional Banking ETF by 104.5% in the 3rd quarter. JPMorgan Chase & Co. now owns 7,254,214 shares of the exchange traded fund’s stock worth $431,045,000 after buying an additional 3,707,644 shares in the last quarter. Deutsche Bank AG purchased a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $149,075,000. Morgan Stanley grew its position in shares of SPDR S&P Regional Banking ETF by 36.9% during the third quarter. Morgan Stanley now owns 7,356,632 shares of the exchange traded fund’s stock valued at $437,130,000 after purchasing an additional 1,981,280 shares in the last quarter. Bayview Asset Management LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $37,712,000. Finally, Duality Advisers LP purchased a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $26,313,000.

Shares of SPDR S&P Regional Banking ETF stock traded down $0.60 during trading on Wednesday, reaching $53.09. 4,366,279 shares of the stock traded hands, compared to its average volume of 8,193,837. SPDR S&P Regional Banking ETF has a 52-week low of $43.95 and a 52-week high of $66.04.

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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.

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Institutional Ownership by Quarter for SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

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