Global Wealth Management LLC Buys New Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Global Wealth Management LLC purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,374 shares of the exchange traded fund’s stock, valued at approximately $204,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Hsbc Holdings PLC lifted its stake in shares of SPDR S&P Regional Banking ETF by 9.2% in the 2nd quarter. Hsbc Holdings PLC now owns 80,129 shares of the exchange traded fund’s stock valued at $3,915,000 after purchasing an additional 6,774 shares during the period. DRW Securities LLC boosted its stake in shares of SPDR S&P Regional Banking ETF by 117.6% in the 2nd quarter. DRW Securities LLC now owns 112,000 shares of the exchange traded fund’s stock worth $5,499,000 after buying an additional 748,248 shares during the last quarter. Toronto Dominion Bank grew its stake in shares of SPDR S&P Regional Banking ETF by 195.9% during the 2nd quarter. Toronto Dominion Bank now owns 754,500 shares of the exchange traded fund’s stock valued at $37,046,000 after purchasing an additional 499,500 shares during the period. Main Management ETF Advisors LLC grew its position in SPDR S&P Regional Banking ETF by 2.6% during the second quarter. Main Management ETF Advisors LLC now owns 2,538,750 shares of the exchange traded fund’s stock valued at $124,653,000 after buying an additional 63,750 shares during the period. Finally, Silver Lake Advisory LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 2nd quarter worth $229,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE opened at $63.07 on Monday. The company has a market capitalization of $3.37 billion, a P/E ratio of 8.36 and a beta of 1.56. The firm’s 50 day simple moving average is $63.70 and its two-hundred day simple moving average is $58.86. SPDR S&P Regional Banking ETF has a 1-year low of $45.46 and a 1-year high of $70.25.

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.