Spire Wealth Management Increases Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Spire Wealth Management boosted its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 445.0% during the first quarter, Holdings Channel.com reports. The fund owned 1,902 shares of the exchange traded fund’s stock after acquiring an additional 1,553 shares during the period. Spire Wealth Management’s holdings in SPDR S&P Regional Banking ETF were worth $108,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at about $821,000. Jones Financial Companies Lllp grew its stake in SPDR S&P Regional Banking ETF by 192.2% in the 4th quarter. Jones Financial Companies Lllp now owns 15,371 shares of the exchange traded fund’s stock valued at $928,000 after acquiring an additional 10,110 shares during the last quarter. US Bancorp DE grew its stake in SPDR S&P Regional Banking ETF by 33.1% in the 4th quarter. US Bancorp DE now owns 13,132 shares of the exchange traded fund’s stock valued at $793,000 after acquiring an additional 3,265 shares during the last quarter. O Shaughnessy Asset Management LLC grew its stake in SPDR S&P Regional Banking ETF by 57.8% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 2,140 shares of the exchange traded fund’s stock valued at $129,000 after acquiring an additional 784 shares during the last quarter. Finally, Cascade Financial Partners LLC grew its stake in SPDR S&P Regional Banking ETF by 7.3% in the 4th quarter. Cascade Financial Partners LLC now owns 5,878 shares of the exchange traded fund’s stock valued at $355,000 after acquiring an additional 400 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

SPDR S&P Regional Banking ETF stock opened at $59.39 on Tuesday. SPDR S&P Regional Banking ETF has a 12-month low of $47.06 and a 12-month high of $70.25. The stock has a market capitalization of $3.35 billion, a P/E ratio of 12.39 and a beta of 1.10. The firm’s 50-day moving average is $56.95 and its two-hundred day moving average is $58.37.

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.