Bank Hapoalim BM lessened its stake in SPDR KBW Regional Banking (NYSE:KRE) by 33.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 13,875 shares of the exchange traded fund’s stock after selling 6,890 shares during the quarter. Bank Hapoalim BM’s holdings in SPDR KBW Regional Banking were worth $762,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of KRE. Welch Group LLC bought a new stake in shares of SPDR KBW Regional Banking in the 2nd quarter worth approximately $100,000. Bronfman E.L. Rothschild L.P. raised its holdings in shares of SPDR KBW Regional Banking by 83.1% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 2,203 shares of the exchange traded fund’s stock worth $121,000 after purchasing an additional 1,000 shares during the period. Synovus Financial Corp raised its holdings in shares of SPDR KBW Regional Banking by 187.5% in the 2nd quarter. Synovus Financial Corp now owns 2,608 shares of the exchange traded fund’s stock worth $143,000 after purchasing an additional 1,701 shares during the period. Jacobi Capital Management LLC raised its holdings in shares of SPDR KBW Regional Banking by 11.5% in the 2nd quarter. Jacobi Capital Management LLC now owns 3,025 shares of the exchange traded fund’s stock worth $168,000 after purchasing an additional 311 shares during the period. Finally, Peak Asset Management LLC bought a new stake in shares of SPDR KBW Regional Banking in the 2nd quarter worth approximately $200,000.
SPDR KBW Regional Banking (NYSE:KRE) traded up 0.73% during midday trading on Monday, hitting $52.75. 937,903 shares of the company were exchanged. The stock has a 50 day moving average of $52.69 and a 200-day moving average of $54.04. SPDR KBW Regional Banking has a 1-year low of $40.97 and a 1-year high of $59.68.
The business also recently announced a quarterly dividend, which will be paid on Monday, September 25th. Investors of record on Monday, September 18th will be issued a $0.2062 dividend. The ex-dividend date is Friday, September 15th. This represents a $0.82 annualized dividend and a yield of 1.58%. This is a boost from SPDR KBW Regional Banking’s previous quarterly dividend of $0.20.
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SPDR KBW Regional Banking 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.
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