Founders Financial Securities LLC Takes Position in SPDR S&P Regional Banking ETF $KRE

Founders Financial Securities LLC acquired a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, HoldingsChannel.com reports. The fund acquired 27,741 shares of the exchange traded fund’s stock, valued at approximately $1,756,000.

Several other large investors also recently modified their holdings of KRE. Legend Financial Advisors Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $25,000. Trust Co. of Vermont acquired a new position in shares of SPDR S&P Regional Banking ETF during the 2nd quarter valued at $53,000. Private Wealth Asset Management LLC boosted its stake in SPDR S&P Regional Banking ETF by 114.9% during the second quarter. Private Wealth Asset Management LLC now owns 935 shares of the exchange traded fund’s stock worth $56,000 after acquiring an additional 500 shares in the last quarter. Private Trust Co. NA acquired a new stake in SPDR S&P Regional Banking ETF in the second quarter worth $57,000. Finally, GAMMA Investing LLC grew its holdings in SPDR S&P Regional Banking ETF by 283.9% in the second quarter. GAMMA Investing LLC now owns 975 shares of the exchange traded fund’s stock worth $58,000 after purchasing an additional 721 shares during the period.

SPDR S&P Regional Banking ETF Trading Up 0.1%

Shares of NYSEARCA KRE opened at $66.73 on Thursday. The firm has a market capitalization of $3.79 billion, a P/E ratio of 12.39 and a beta of 0.90. The firm’s 50-day moving average price is $62.64 and its 200-day moving average price is $62.31. SPDR S&P Regional Banking ETF has a 1-year low of $47.06 and a 1-year high of $68.08.

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.