Primoris Wealth Advisors LLC Buys New Position in SPDR S&P Regional Banking ETF $KRE

Primoris Wealth Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, Holdings Channel.com reports. The fund purchased 44,500 shares of the exchange traded fund’s stock, valued at approximately $2,817,000. SPDR S&P Regional Banking ETF accounts for 1.8% of Primoris Wealth Advisors LLC’s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. boosted its stake in shares of SPDR S&P Regional Banking ETF by 32.4% in the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 4,925 shares of the exchange traded fund’s stock valued at $293,000 after purchasing an additional 1,205 shares during the period. Quintet Private Bank Europe S.A. increased its stake in SPDR S&P Regional Banking ETF by 32.1% during the 2nd quarter. Quintet Private Bank Europe S.A. now owns 19,257 shares of the exchange traded fund’s stock worth $1,144,000 after buying an additional 4,676 shares during the period. Juncture Wealth Strategies LLC lifted its holdings in SPDR S&P Regional Banking ETF by 115.8% during the 2nd quarter. Juncture Wealth Strategies LLC now owns 32,426 shares of the exchange traded fund’s stock worth $1,926,000 after buying an additional 17,403 shares in the last quarter. Elevation Wealth Partners LLC boosted its position in SPDR S&P Regional Banking ETF by 300.8% in the 2nd quarter. Elevation Wealth Partners LLC now owns 5,811 shares of the exchange traded fund’s stock valued at $345,000 after buying an additional 4,361 shares during the period. Finally, Byrne Asset Management LLC boosted its position in SPDR S&P Regional Banking ETF by 656.0% in the 2nd quarter. Byrne Asset Management LLC now owns 7,704 shares of the exchange traded fund’s stock valued at $458,000 after buying an additional 6,685 shares during the period.

SPDR S&P Regional Banking ETF Stock Down 1.2%

NYSEARCA:KRE opened at $66.68 on Tuesday. SPDR S&P Regional Banking ETF has a 52 week low of $47.06 and a 52 week high of $68.67. The company has a fifty day simple moving average of $64.25 and a two-hundred day simple moving average of $63.15. The company has a market cap of $4.24 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90.

SPDR S&P Regional Banking ETF Company 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.