Flagship Harbor Advisors LLC Boosts Stock Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Flagship Harbor Advisors LLC grew its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 43.3% in the first quarter, Holdings Channel reports. The institutional investor owned 5,302 shares of the exchange traded fund’s stock after purchasing an additional 1,603 shares during the period. Flagship Harbor Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $301,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in KRE. 1858 Wealth Management LLC increased its holdings in shares of SPDR S&P Regional Banking ETF by 2.1% in the 1st quarter. 1858 Wealth Management LLC now owns 16,788 shares of the exchange traded fund’s stock valued at $954,000 after acquiring an additional 344 shares during the last quarter. First American Bank increased its stake in SPDR S&P Regional Banking ETF by 1.9% in the first quarter. First American Bank now owns 50,389 shares of the exchange traded fund’s stock valued at $2,865,000 after purchasing an additional 947 shares during the last quarter. Register Financial Advisors LLC increased its stake in SPDR S&P Regional Banking ETF by 21.6% in the first quarter. Register Financial Advisors LLC now owns 3,124 shares of the exchange traded fund’s stock valued at $178,000 after purchasing an additional 554 shares during the last quarter. Carr Financial Group Corp raised its holdings in SPDR S&P Regional Banking ETF by 20.8% during the first quarter. Carr Financial Group Corp now owns 9,660 shares of the exchange traded fund’s stock worth $549,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Advisor Resource Council purchased a new stake in shares of SPDR S&P Regional Banking ETF during the 1st quarter worth approximately $963,000.

SPDR S&P Regional Banking ETF Trading Up 2.3%

Shares of SPDR S&P Regional Banking ETF stock opened at $59.48 on Friday. The company has a fifty day simple moving average of $56.61 and a 200-day simple moving average of $58.54. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 12.39 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 12-month low of $46.80 and a 12-month 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.