Valley Wealth Managers Inc. Has $12.70 Million Stock Holdings in SPDR S&P Regional Banking ETF $KRE

Valley Wealth Managers Inc. boosted its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 19,594,500.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 195,946 shares of the exchange traded fund’s stock after purchasing an additional 195,945 shares during the period. Valley Wealth Managers Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $12,699,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in KRE. Aventura Private Wealth LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $26,000. Grey Fox Wealth Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $35,000. Accent Capital Management LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after buying an additional 300 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $39,000. Finally, KERR FINANCIAL PLANNING Corp acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $63,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE opened at $68.55 on Tuesday. The business’s fifty day moving average price is $66.97 and its two-hundred day moving average price is $66.28. SPDR S&P Regional Banking ETF has a fifty-two week low of $55.37 and a fifty-two week high of $74.08. The stock has a market capitalization of $4.12 billion, a price-to-earnings ratio of 12.39 and a beta of 0.86.

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.