Vanguard Capital Wealth Advisors bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 12,482 shares of the exchange traded fund’s stock, valued at approximately $934,000.
A number of other institutional investors have also recently made changes to their positions in KRE. Arax Advisory Partners acquired a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $25,000. MWA Asset Management purchased a new stake in SPDR S&P Regional Banking ETF during the 1st quarter worth about $46,000. UMB Bank n.a. acquired a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $52,000. Fourth Dimension Wealth LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 41.5% during the second quarter. Fourth Dimension Wealth LLC now owns 737 shares of the exchange traded fund’s stock worth $55,000 after buying an additional 216 shares during the period. Finally, Elyxium Wealth LLC acquired a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $70,000.
SPDR S&P Regional Banking ETF Stock Down 1.3%
Shares of KRE opened at $72.62 on Wednesday. SPDR S&P Regional Banking ETF has a 52-week low of $57.55 and a 52-week high of $78.35. The stock has a 50 day moving average price of $75.62 and a 200 day moving average price of $70.96. The company has a market capitalization of $4.42 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84.
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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