State Street SPDR S&P Regional Banking ETF·Financial Services

Brookstone Capital Management purchased a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 26,026 shares of the exchange traded fund's stock, valued at approximately $1,687,000. Other hedge funds

Allspring Global Investments Holdings LLC purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the undefined quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 555,800 shares of the exchange traded fund's stock, valued at approximately $36,021,000. Allspring Global Investments

Econ Financial Services Corp acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the undefined quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 23,710 shares of the exchange traded fund's stock, valued at approximately $1,537,000. Other hedge funds

Regional banks are about 13% off of their high. The Iran conflict is creating chaos for the financial sector outlook, but a resolution could trigger a relief rally for the sector.

The State Street SPDR S&P Regional Banking ETF (KRE) is rated Hold due to near-term volatility and macroeconomic headwinds impacting regional banks. KRE trades at deep value with an average PE of 10.77 and price-to-book of 1.1, but faces heightened risk and underperformance versus broader financials over longer periods. CRE exposure remains a significant risk, with many KRE constituents having over 50% of loan portfolios in commercial real estate, especially problematic in office and retail segments.

SPDR S&P Regional Banking ETF (NYSEARCA:KRE - Get Free Report) saw some unusual options trading on Friday. Stock traders purchased 162,542 call options on the stock. This is an increase of approximately 51% compared to the typical volume of 107,718 call options. Hedge Funds Weigh In On SPDR S&P Regional Banking ETF A number of
The State Street SPDR S&P Regional Banking ETF seeks to provide investment results that, before fees and expenses, correspond generally to the total return performance of the S&P Regional Banks Select Industry Index (the "Index")Seeks to provide exposure the regional banks segment of the S&P TMIMembership in the Select Industry Indices is based on the GICS classification, as well as liquidity and market cap requirementsSeeks to track a modified equal weighted index which provides the potential for unconcentrated industry exposure across large, mid and small cap stocksAllows investors to take strategic or tactical positions at a more targeted level than traditional sector based investing
Financial Services
Asset Management
2006-06-22
1.44
Market Peers





