23,405 Shares in SPDR S&P Regional Banking ETF $KRE Acquired by Absolute Capital Management LLC

Absolute Capital Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 23,405 shares of the exchange traded fund’s stock, valued at approximately $1,482,000.

A number of other hedge funds have also recently made changes to their positions in the business. Realta Investment Advisors bought a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at $27,000. Grey Fox Wealth Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the third quarter valued at about $35,000. Mountain Hill Investment Partners Corp. purchased a new position in shares of SPDR S&P Regional Banking ETF in the third quarter worth about $39,000. Trust Co. of Vermont bought a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $53,000. Finally, Private Wealth Asset Management LLC boosted its holdings in SPDR S&P Regional Banking ETF by 114.9% during the 2nd quarter. Private Wealth Asset Management LLC now owns 935 shares of the exchange traded fund’s stock valued at $56,000 after acquiring an additional 500 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $67.78 on Thursday. SPDR S&P Regional Banking ETF has a one year low of $47.06 and a one year high of $71.26. The business’s 50 day simple moving average is $66.06 and its two-hundred day simple moving average is $63.63. The stock has a market capitalization of $4.15 billion, a P/E ratio of 12.39 and a beta of 0.90.

SPDR S&P Regional Banking ETF Company 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.