Insight Wealth Strategies LLC Takes Position in SPDR S&P Regional Banking ETF $KRE

Insight Wealth Strategies LLC acquired a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 247,026 shares of the exchange traded fund’s stock, valued at approximately $18,818,000. SPDR S&P Regional Banking ETF comprises about 1.8% of Insight Wealth Strategies LLC’s holdings, making the stock its 17th largest position. Insight Wealth Strategies LLC owned approximately 0.36% of SPDR S&P Regional Banking ETF as of its most recent SEC filing.

Several other large investors have also made changes to their positions in KRE. Valley Wealth Managers Inc. raised its holdings in shares of SPDR S&P Regional Banking ETF by 19,594,500.0% in the 4th quarter. Valley Wealth Managers Inc. now owns 195,946 shares of the exchange traded fund’s stock worth $12,699,000 after purchasing an additional 195,945 shares during the period. Renaissance Technologies LLC grew its holdings in shares of SPDR S&P Regional Banking ETF by 21.0% during the 1st quarter. Renaissance Technologies LLC now owns 141,900 shares of the exchange traded fund’s stock worth $9,245,000 after purchasing an additional 24,600 shares during the period. Summit Securities Group LLC grew its holdings in shares of SPDR S&P Regional Banking ETF by 216.2% during the 1st quarter. Summit Securities Group LLC now owns 23,919 shares of the exchange traded fund’s stock worth $1,558,000 after purchasing an additional 16,354 shares during the period. M&T Bank Corp increased its position in SPDR S&P Regional Banking ETF by 160.0% during the 4th quarter. M&T Bank Corp now owns 16,615 shares of the exchange traded fund’s stock worth $1,077,000 after purchasing an additional 10,224 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in SPDR S&P Regional Banking ETF during the 1st quarter worth approximately $1,496,000.

SPDR S&P Regional Banking ETF Stock Performance

NYSEARCA KRE opened at $76.81 on Wednesday. The firm has a market capitalization of $4.67 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a one year low of $57.55 and a one year high of $78.35. The company’s 50 day moving average price is $74.44 and its 200 day moving average price is $70.45.

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.