Geneos Wealth Management Inc. Purchases 28,788 Shares of SPDR S&P Regional Banking ETF $KRE

Geneos Wealth Management Inc. grew its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 96.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 58,594 shares of the exchange traded fund’s stock after purchasing an additional 28,788 shares during the period. Geneos Wealth Management Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $3,709,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in KRE. Bessemer Group Inc. grew its position in SPDR S&P Regional Banking ETF by 23.5% in the 2nd quarter. Bessemer Group Inc. now owns 2,001,499 shares of the exchange traded fund’s stock worth $118,869,000 after purchasing an additional 381,080 shares in the last quarter. B & T Capital Management DBA Alpha Capital Management bought a new position in shares of SPDR S&P Regional Banking ETF in the second quarter valued at approximately $21,066,000. Highlander Partners L.P. bought a new position in shares of SPDR S&P Regional Banking ETF in the second quarter valued at approximately $11,878,000. Community Trust & Investment Co. purchased a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter valued at approximately $10,896,000. Finally, Garda Capital Partners LP purchased a new stake in shares of SPDR S&P Regional Banking ETF during the second quarter valued at approximately $8,166,000.

SPDR S&P Regional Banking ETF Trading Down 0.7%

KRE stock opened at $66.75 on Thursday. The stock’s fifty day simple moving average is $63.80 and its two-hundred day simple moving average is $62.93. SPDR S&P Regional Banking ETF has a 1-year low of $47.06 and a 1-year high of $68.08. The stock has a market cap of $4.15 billion, a P/E ratio of 12.39 and a beta of 0.90.

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.