DE Burlo Group Inc. Acquires New Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

DE Burlo Group Inc. acquired a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 201,000 shares of the exchange traded fund’s stock, valued at approximately $11,377,000. SPDR S&P Regional Banking ETF makes up about 1.4% of DE Burlo Group Inc.’s holdings, making the stock its 25th largest holding.

A number of other large investors also recently modified their holdings of the company. Quadrature Capital Ltd increased its stake in SPDR S&P Regional Banking ETF by 679.1% in the 1st quarter. Quadrature Capital Ltd now owns 51,933 shares of the exchange traded fund’s stock worth $2,610,000 after purchasing an additional 45,267 shares during the period. Absolute Gestao de Investimentos Ltda. purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $7,207,000. Beaird Harris Wealth Management LLC increased its stake in SPDR S&P Regional Banking ETF by 12.5% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 1,920 shares of the exchange traded fund’s stock worth $97,000 after purchasing an additional 214 shares during the period. Gendell Jeffrey L increased its stake in SPDR S&P Regional Banking ETF by 93.5% in the 1st quarter. Gendell Jeffrey L now owns 351,727 shares of the exchange traded fund’s stock worth $17,685,000 after purchasing an additional 170,000 shares during the period. Finally, Econ Financial Services Corp purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter worth approximately $1,191,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $65.15 on Thursday. The business’s 50 day simple moving average is $59.26 and its two-hundred day simple moving average is $54.46. The stock has a market capitalization of $3.48 billion, a P/E ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a one year low of $43.51 and a one year high of $67.96.

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.