Envestnet Portfolio Solutions Inc. Takes Position in SPDR S&P Regional Banking ETF $KRE

Envestnet Portfolio Solutions Inc. purchased a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,562 shares of the exchange traded fund’s stock, valued at approximately $795,000.

A number of other hedge funds have also bought and sold shares of the business. Moors & Cabot Inc. lifted its position in shares of SPDR S&P Regional Banking ETF by 4.9% during the second quarter. Moors & Cabot Inc. now owns 3,836 shares of the exchange traded fund’s stock worth $228,000 after acquiring an additional 178 shares in the last quarter. Proffitt & Goodson Inc. lifted its holdings in SPDR S&P Regional Banking ETF by 0.7% during the 2nd quarter. Proffitt & Goodson Inc. now owns 28,585 shares of the exchange traded fund’s stock worth $1,698,000 after purchasing an additional 192 shares in the last quarter. CWM LLC boosted its stake in SPDR S&P Regional Banking ETF by 9.8% in the 2nd quarter. CWM LLC now owns 2,245 shares of the exchange traded fund’s stock worth $133,000 after purchasing an additional 201 shares during the period. Quantum Portfolio Management LLC grew its holdings in SPDR S&P Regional Banking ETF by 3.2% during the 2nd quarter. Quantum Portfolio Management LLC now owns 7,053 shares of the exchange traded fund’s stock valued at $419,000 after buying an additional 218 shares in the last quarter. Finally, Carnegie Investment Counsel increased its position in shares of SPDR S&P Regional Banking ETF by 0.3% during the third quarter. Carnegie Investment Counsel now owns 98,015 shares of the exchange traded fund’s stock valued at $6,204,000 after buying an additional 280 shares during the period.

SPDR S&P Regional Banking ETF Trading Up 1.8%

Shares of SPDR S&P Regional Banking ETF stock opened at $69.03 on Friday. The company’s 50-day moving average price is $66.25 and its 200-day moving average price is $63.66. SPDR S&P Regional Banking ETF has a 12-month low of $47.06 and a 12-month high of $71.26. The company has a market cap of $4.13 billion, a price-to-earnings 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.