Pictet Asset Management Ltd. Takes Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Share on StockTwits

Pictet Asset Management Ltd. bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 1st quarter, Holdings Channel reports. The institutional investor bought 21,900 shares of the exchange traded fund’s stock, valued at approximately $1,124,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. JPMorgan Chase & Co. boosted its position in shares of SPDR S&P Regional Banking ETF by 4.0% during the 1st quarter. JPMorgan Chase & Co. now owns 8,778,328 shares of the exchange traded fund’s stock valued at $450,680,000 after acquiring an additional 335,974 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $149,075,000. Joseph P. Lucia & Associates LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter valued at about $27,714,000. Bayview Asset Management LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $37,712,000. Finally, Duality Advisers LP acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $26,313,000.

Shares of KRE stock traded down $0.22 on Wednesday, hitting $52.35. 156,099 shares of the stock traded hands, compared to its average volume of 8,001,921. SPDR S&P Regional Banking ETF has a twelve month low of $43.95 and a twelve month high of $65.27.

TRADEMARK VIOLATION WARNING: This report was originally posted by Week Herald and is the property of of Week Herald. If you are accessing this report on another publication, it was stolen and republished in violation of US & international copyright laws. The legal version of this report can be read at https://weekherald.com/2019/06/12/pictet-asset-management-ltd-takes-position-in-spdr-sp-regional-banking-etf-nysearcakre.html.

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.

Featured Story: Fundamental Analysis and Choosing Stocks

Want to see what other hedge funds are holding KRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Regional Banking ETF (NYSEARCA:KRE).

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

Receive News & Ratings for SPDR S&P Regional Banking ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Regional Banking ETF and related companies with MarketBeat.com's FREE daily email newsletter.