Vanguard Capital Wealth Advisors purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 12,482 shares of the exchange traded fund’s stock, valued at approximately $934,000.
Other hedge funds also recently made changes to their positions in the company. Arax Advisory Partners purchased a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth about $25,000. MWA Asset Management purchased a new position in SPDR S&P Regional Banking ETF during the 1st quarter valued at about $46,000. UMB Bank n.a. bought a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at about $52,000. Assetmark Inc. increased its position in shares of SPDR S&P Regional Banking ETF by 207.0% during the fourth quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $69,000 after buying an additional 714 shares during the period. Finally, Elyxium Wealth LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth about $70,000.
SPDR S&P Regional Banking ETF Trading Up 0.5%
KRE stock opened at $77.75 on Friday. The firm has a 50 day moving average of $74.78 and a 200-day moving average of $70.57. SPDR S&P Regional Banking ETF has a 12 month low of $57.55 and a 12 month high of $78.35. The firm has a market capitalization of $4.73 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.
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