Rockefeller Capital Management L.P. Raises Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Rockefeller Capital Management L.P. boosted its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 48.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 37,135 shares of the exchange traded fund’s stock after buying an additional 12,164 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in SPDR S&P Regional Banking ETF were worth $2,241,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in KRE. Gries Financial LLC purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth $641,000. Truist Financial Corp increased its stake in shares of SPDR S&P Regional Banking ETF by 2.0% in the 4th quarter. Truist Financial Corp now owns 187,948 shares of the exchange traded fund’s stock valued at $11,343,000 after purchasing an additional 3,762 shares in the last quarter. Empowered Funds LLC acquired a new position in SPDR S&P Regional Banking ETF in the 4th quarter worth about $1,550,000. Jones Financial Companies Lllp boosted its position in SPDR S&P Regional Banking ETF by 192.2% during the fourth quarter. Jones Financial Companies Lllp now owns 15,371 shares of the exchange traded fund’s stock worth $928,000 after purchasing an additional 10,110 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC grew its holdings in SPDR S&P Regional Banking ETF by 25.4% in the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock valued at $670,000 after purchasing an additional 2,251 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE stock opened at $51.42 on Friday. The stock has a 50 day simple moving average of $56.78 and a 200-day simple moving average of $60.43. SPDR S&P Regional Banking ETF has a 1-year low of $45.76 and a 1-year high of $70.25. The company has a market cap of $3.00 billion, a price-to-earnings ratio of 11.38 and a beta of 0.93.

SPDR S&P Regional Banking ETF Company 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.