Global Endowment Management LP bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 8,000 shares of the exchange traded fund’s stock, valued at approximately $518,000.
A number of other large investors have also modified their holdings of KRE. Arax Advisory Partners purchased a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $25,000. Aventura Private Wealth LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $26,000. Accent Capital Management LLC grew its holdings in shares of SPDR S&P Regional Banking ETF by 100.0% during the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 300 shares in the last quarter. UMB Bank n.a. purchased a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $52,000. Finally, KERR FINANCIAL PLANNING Corp purchased a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth $63,000.
SPDR S&P Regional Banking ETF Stock Up 1.5%
SPDR S&P Regional Banking ETF stock opened at $73.41 on Friday. SPDR S&P Regional Banking ETF has a 52-week low of $55.55 and a 52-week high of $74.08. The firm has a market capitalization of $4.42 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. The company has a fifty day simple moving average of $69.26 and a 200-day simple moving average of $67.75.
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.
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