Brian Low Financial Group LLC acquired a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,020 shares of the exchange traded fund’s stock, valued at approximately $653,000.
A number of other hedge funds have also modified their holdings of KRE. Arax Advisory Partners bought a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $25,000. Aventura Private Wealth LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $26,000. 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 worth $38,000 after acquiring an additional 300 shares in the last quarter. UMB Bank n.a. acquired a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $52,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter valued at approximately $63,000.
SPDR S&P Regional Banking ETF Stock Up 1.2%
Shares of KRE stock opened at $73.97 on Thursday. SPDR S&P Regional Banking ETF has a 12 month low of $57.55 and a 12 month high of $74.27. The company’s fifty day simple moving average is $69.99 and its 200-day simple moving average is $68.28. The firm has a market cap of $4.45 billion, a PE ratio of 12.39 and a beta of 0.84.
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.
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