Farmers & Merchants Investments Inc. Has $156,000 Stock Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Farmers & Merchants Investments Inc. boosted its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 427.8% in the 2nd quarter, HoldingsChannel reports. The firm owned 3,167 shares of the exchange traded fund’s stock after acquiring an additional 2,567 shares during the period. Farmers & Merchants Investments Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $156,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of KRE. Jane Street Group LLC boosted its position in SPDR S&P Regional Banking ETF by 136.5% during the first quarter. Jane Street Group LLC now owns 2,894,177 shares of the exchange traded fund’s stock worth $145,519,000 after purchasing an additional 1,670,478 shares during the period. Baymount Management LP bought a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth about $51,185,000. Bessemer Group Inc. grew its stake in SPDR S&P Regional Banking ETF by 7.5% in the 1st quarter. Bessemer Group Inc. now owns 913,986 shares of the exchange traded fund’s stock valued at $45,956,000 after buying an additional 63,380 shares during the last quarter. Main Management Fund Advisors LLC raised its holdings in SPDR S&P Regional Banking ETF by 11.6% in the 1st quarter. Main Management Fund Advisors LLC now owns 884,200 shares of the exchange traded fund’s stock valued at $44,458,000 after acquiring an additional 92,200 shares during the period. Finally, Mirae Asset Securities USA Inc. acquired a new stake in SPDR S&P Regional Banking ETF during the second quarter worth approximately $36,825,000.

SPDR S&P Regional Banking ETF Stock Down 1.8 %

Shares of NYSEARCA:KRE opened at $54.84 on Friday. SPDR S&P Regional Banking ETF has a 12-month low of $37.66 and a 12-month high of $59.59. The business has a 50 day moving average of $54.42 and a 200-day moving average of $50.46. The stock has a market cap of $2.93 billion, a PE ratio of 8.36 and a beta of 1.56.

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.