Tennessee Valley Asset Management Partners Invests $138,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Tennessee Valley Asset Management Partners purchased a new position in 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 (SEC). The institutional investor purchased 2,638 shares of the exchange traded fund’s stock, valued at approximately $138,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Simplex Trading LLC bought a new position in SPDR S&P Regional Banking ETF during the third quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in SPDR S&P Regional Banking ETF during the third quarter valued at approximately $53,000. Sheets Smith Wealth Management bought a new position in SPDR S&P Regional Banking ETF during the third quarter valued at approximately $68,000. Allworth Financial LP grew its position in SPDR S&P Regional Banking ETF by 219.5% during the fourth quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 900 shares during the last quarter. Finally, Annis Gardner Whiting Capital Advisors LLC bought a new position in SPDR S&P Regional Banking ETF during the third quarter valued at approximately $114,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA KRE opened at $48.18 on Tuesday. SPDR S&P Regional Banking ETF has a one year low of $34.52 and a one year high of $54.47. The firm’s 50 day simple moving average is $48.19 and its two-hundred day simple moving average is $47.36. The stock has a market capitalization of $2.45 billion, a P/E ratio of 8.27 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.