Silver Oak Securities Incorporated increased its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 243.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,570 shares of the exchange traded fund’s stock after purchasing an additional 9,623 shares during the period. Silver Oak Securities Incorporated’s holdings in SPDR S&P Regional Banking ETF were worth $820,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Gries Financial LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $641,000. Wealthcare Advisory Partners LLC increased its position in SPDR S&P Regional Banking ETF by 25.4% in the 4th quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock valued at $670,000 after acquiring an additional 2,251 shares during the period. CENTRAL TRUST Co raised its stake in SPDR S&P Regional Banking ETF by 28.6% during the 4th quarter. CENTRAL TRUST Co now owns 1,923 shares of the exchange traded fund’s stock valued at $116,000 after acquiring an additional 428 shares in the last quarter. Toth Financial Advisory Corp boosted its position in SPDR S&P Regional Banking ETF by 20.3% during the 3rd quarter. Toth Financial Advisory Corp now owns 4,270 shares of the exchange traded fund’s stock worth $242,000 after acquiring an additional 721 shares during the period. Finally, Stephens Inc. AR grew its stake in shares of SPDR S&P Regional Banking ETF by 5.2% in the third quarter. Stephens Inc. AR now owns 25,767 shares of the exchange traded fund’s stock worth $1,458,000 after purchasing an additional 1,270 shares in the last quarter.
SPDR S&P Regional Banking ETF Stock Down 1.3 %
Shares of NYSEARCA KRE opened at $64.63 on Friday. The stock has a market cap of $3.45 billion, a P/E ratio of 8.36 and a beta of 1.56. The firm’s 50-day simple moving average is $62.81 and its 200 day simple moving average is $59.96. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25.
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.
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