SPDR S&P Regional Banking ETF $KRE Shares Purchased by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC raised its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 259.1% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 104,211 shares of the exchange traded fund’s stock after buying an additional 75,187 shares during the quarter. Wealth Enhancement Advisory Services LLC owned approximately 0.17% of SPDR S&P Regional Banking ETF worth $7,006,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Sovereign Financial Group Inc. bought a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $204,000. CWA Asset Management Group LLC boosted its stake in SPDR S&P Regional Banking ETF by 1.7% during the 4th quarter. CWA Asset Management Group LLC now owns 34,549 shares of the exchange traded fund’s stock valued at $2,239,000 after purchasing an additional 593 shares during the period. Aventura Private Wealth LLC acquired a new position in SPDR S&P Regional Banking ETF during the 4th quarter valued at about $26,000. Clark Financial Services Group Inc. BD grew its position in SPDR S&P Regional Banking ETF by 4.4% in the 4th quarter. Clark Financial Services Group Inc. BD now owns 7,072 shares of the exchange traded fund’s stock worth $471,000 after purchasing an additional 296 shares during the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $94,000.

SPDR S&P Regional Banking ETF Trading Down 1.7%

Shares of NYSEARCA KRE opened at $63.37 on Friday. SPDR S&P Regional Banking ETF has a 12-month low of $47.06 and a 12-month high of $74.08. The company has a market cap of $3.96 billion, a PE ratio of 12.39 and a beta of 0.90. The stock has a 50 day simple moving average of $67.91 and a 200-day simple moving average of $65.15.

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.