Founders Financial Alliance LLC Invests $52,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Founders Financial Alliance LLC bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,000 shares of the exchange traded fund’s stock, valued at approximately $52,000.

Other large investors have also modified their holdings of the company. Simplex Trading LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $33,000. Vestor Capital LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $54,000. Allworth Financial LP grew its holdings 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 acquiring an additional 900 shares during the period. Western Pacific Wealth Management LP grew its holdings in shares of SPDR S&P Regional Banking ETF by 105.4% in the 4th quarter. Western Pacific Wealth Management LP now owns 1,849 shares of the exchange traded fund’s stock worth $97,000 after acquiring an additional 949 shares during the period. Finally, Naples Money Management LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $104,000.

SPDR S&P Regional Banking ETF Stock Up 0.4 %

Shares of KRE traded up $0.21 on Friday, reaching $48.92. The stock had a trading volume of 6,530,471 shares, compared to its average volume of 14,072,168. The firm has a market capitalization of $2.61 billion, a PE ratio of 8.36 and a beta of 1.56. The firm has a 50-day moving average of $48.78 and a 200 day moving average of $48.79. SPDR S&P Regional Banking ETF has a twelve month low of $37.66 and a twelve month high of $54.47.

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.