Merit Financial Group LLC Purchases 17,107 Shares of SPDR S&P Regional Banking ETF $KRE

Merit Financial Group LLC grew its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 331.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 22,271 shares of the exchange traded fund’s stock after acquiring an additional 17,107 shares during the quarter. Merit Financial Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at $172,000. Farther Finance Advisors LLC raised its holdings in SPDR S&P Regional Banking ETF by 199.4% in the 4th quarter. Farther Finance Advisors LLC now owns 4,314 shares of the exchange traded fund’s stock worth $280,000 after purchasing an additional 2,873 shares during the period. Assetmark Inc. raised its holdings in SPDR S&P Regional Banking ETF by 207.0% in the 4th quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock worth $69,000 after purchasing an additional 714 shares during the period. ABLE Financial Group LLC bought a new position in SPDR S&P Regional Banking ETF in the 4th quarter worth $336,000. Finally, Northland Securities Inc. bought a new position in SPDR S&P Regional Banking ETF in the 4th quarter worth $361,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $69.25 on Thursday. SPDR S&P Regional Banking ETF has a one year low of $53.01 and a one year high of $74.08. The stock’s fifty day moving average is $67.16 and its 200 day moving average is $65.63. The stock has a market cap of $4.18 billion, a P/E ratio of 12.39 and a beta of 0.87.

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.