Summit Securities Group LLC Boosts Position in SPDR S&P Regional Banking ETF $KRE

Summit Securities Group LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 216.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,919 shares of the exchange traded fund’s stock after acquiring an additional 16,354 shares during the quarter. SPDR S&P Regional Banking ETF makes up 0.2% of Summit Securities Group LLC’s portfolio, making the stock its 26th biggest position. Summit Securities Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,558,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in KRE. Arax Advisory Partners purchased a new position in SPDR S&P Regional Banking ETF during the 4th quarter valued at $25,000. Aventura Private Wealth LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $26,000. UMB Bank n.a. purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $52,000. KERR FINANCIAL PLANNING Corp bought a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $63,000. Finally, Assetmark Inc. boosted its stake in shares of SPDR S&P Regional Banking ETF by 207.0% during the 4th quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 714 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA KRE opened at $74.65 on Friday. SPDR S&P Regional Banking ETF has a 1 year low of $57.55 and a 1 year high of $76.84. The company’s 50-day moving average is $71.14 and its 200 day moving average is $68.93. The stock has a market capitalization of $5.17 billion, a P/E ratio of 12.39 and a beta of 0.84.

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.