Bright Futures Wealth Management LLC. Takes $3.36 Million Position in SPDR S&P Regional Banking ETF $KRE

Bright Futures Wealth Management LLC. bought a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 3rd quarter, Holdings Channel.com reports. The institutional investor bought 53,052 shares of the exchange traded fund’s stock, valued at approximately $3,358,000. SPDR S&P Regional Banking ETF comprises about 2.6% of Bright Futures Wealth Management LLC.’s holdings, making the stock its 5th largest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Accent Capital Management LLC grew its stake in shares of SPDR S&P Regional Banking ETF by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock valued at $38,000 after buying an additional 300 shares during the period. Group One Trading LLC grew its position in SPDR S&P Regional Banking ETF by 32.5% during the third quarter. Group One Trading LLC now owns 23,454 shares of the exchange traded fund’s stock valued at $1,485,000 after acquiring an additional 5,756 shares during the period. Quantbot Technologies LP acquired a new stake in SPDR S&P Regional Banking ETF during the third quarter worth about $3,355,000. Integrated Advisors Network LLC raised its holdings in shares of SPDR S&P Regional Banking ETF by 11.9% in the 3rd quarter. Integrated Advisors Network LLC now owns 29,033 shares of the exchange traded fund’s stock worth $1,838,000 after purchasing an additional 3,090 shares during the period. Finally, K.J. Harrison & Partners Inc acquired a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $2,513,000.

SPDR S&P Regional Banking ETF Stock Performance

KRE opened at $66.77 on Monday. SPDR S&P Regional Banking ETF has a 1 year low of $47.06 and a 1 year high of $74.08. The firm has a 50 day moving average price of $68.75 and a 200 day moving average price of $65.11. The company has a market cap of $4.17 billion, a PE 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.