Wealthcare Advisory Partners LLC bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,273 shares of the exchange traded fund’s stock, valued at approximately $329,000.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in KRE. Simplex Trading LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $33,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $53,000. Allworth Financial LP grew its stake in shares of SPDR S&P Regional Banking ETF by 219.5% in the 4th quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock worth $69,000 after buying an additional 900 shares during the last quarter. Naples Money Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $104,000. Finally, Friedenthal Financial purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $113,000.
SPDR S&P Regional Banking ETF Stock Up 0.5 %
SPDR S&P Regional Banking ETF stock opened at $50.41 on Friday. The company has a market capitalization of $2.69 billion, a P/E ratio of 8.36 and a beta of 1.56. The stock’s 50 day moving average is $48.43 and its 200 day moving average is $47.98. SPDR S&P Regional Banking ETF has a twelve month low of $35.76 and a twelve month high of $54.47.
About SPDR S&P Regional Banking ETF
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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