Western Wealth Management LLC Acquires Shares of 4,566 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Western Wealth Management LLC acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,566 shares of the exchange traded fund’s stock, valued at approximately $239,000.

A number of other hedge funds have also recently modified their holdings of the company. Jamison Private Wealth Management Inc. increased its position in shares of SPDR S&P Regional Banking ETF by 11.6% in the fourth quarter. Jamison Private Wealth Management Inc. now owns 2,744 shares of the exchange traded fund’s stock valued at $144,000 after acquiring an additional 286 shares during the period. Flputnam Investment Management Co. increased its position in shares of SPDR S&P Regional Banking ETF by 0.4% during the fourth quarter. Flputnam Investment Management Co. now owns 80,407 shares of the exchange traded fund’s stock valued at $4,216,000 after buying an additional 316 shares during the period. Clearstead Advisors LLC increased its position in shares of SPDR S&P Regional Banking ETF by 1.2% during the third quarter. Clearstead Advisors LLC now owns 32,654 shares of the exchange traded fund’s stock valued at $1,364,000 after buying an additional 375 shares during the period. Cowa LLC increased its position in shares of SPDR S&P Regional Banking ETF by 4.7% during the third quarter. Cowa LLC now owns 8,584 shares of the exchange traded fund’s stock valued at $359,000 after buying an additional 389 shares during the period. Finally, Valeo Financial Advisors LLC increased its position in shares of SPDR S&P Regional Banking ETF by 5.2% during the fourth quarter. Valeo Financial Advisors LLC now owns 9,179 shares of the exchange traded fund’s stock valued at $481,000 after buying an additional 456 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA KRE opened at $48.18 on Tuesday. SPDR S&P Regional Banking ETF has a 1 year low of $34.52 and a 1 year high of $54.47. The company’s 50-day moving average is $48.19 and its 200 day moving average is $47.36. The stock has a market capitalization of $2.45 billion, a P/E ratio of 8.27 and a beta of 1.56.

SPDR S&P Regional Banking ETF 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.