Absolute Capital Management LLC Has $2.07 Million Position in SPDR S&P Regional Banking ETF $KRE

Absolute Capital Management LLC boosted its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 36.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 31,900 shares of the exchange traded fund’s stock after purchasing an additional 8,495 shares during the quarter. Absolute Capital Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $2,067,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Great Hill Capital LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth $1,582,000. Allspring Global Investments Holdings LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth $36,021,000. Valley Wealth Managers Inc. grew its stake in shares of SPDR S&P Regional Banking ETF by 19,594,500.0% in the 4th quarter. Valley Wealth Managers Inc. now owns 195,946 shares of the exchange traded fund’s stock worth $12,699,000 after acquiring an additional 195,945 shares in the last quarter. Quantbot Technologies LP bought a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth $3,355,000. Finally, Econ Financial Services Corp bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth $1,537,000.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE opened at $72.35 on Friday. SPDR S&P Regional Banking ETF has a 1 year low of $55.55 and a 1 year high of $74.08. The firm has a market cap of $4.35 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. The company has a fifty day moving average price of $69.11 and a 200-day moving average price of $67.71.

About SPDR S&P Regional Banking ETF

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.