Naples Money Management LLC Takes $104,000 Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Naples Money Management LLC purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 1,986 shares of the exchange traded fund’s stock, valued at approximately $104,000.

A number of other hedge funds also recently made changes to their positions in the stock. Barclays PLC boosted its position in SPDR S&P Regional Banking ETF by 4.2% during the 3rd quarter. Barclays PLC now owns 2,609,153 shares of the exchange traded fund’s stock worth $108,984,000 after buying an additional 105,704 shares during the period. Alaska Permanent Fund Corp boosted its position in SPDR S&P Regional Banking ETF by 86.6% during the 3rd quarter. Alaska Permanent Fund Corp now owns 1,548,840 shares of the exchange traded fund’s stock worth $64,695,000 after buying an additional 718,735 shares during the period. LPL Financial LLC boosted its position in SPDR S&P Regional Banking ETF by 12.2% during the 3rd quarter. LPL Financial LLC now owns 1,339,950 shares of the exchange traded fund’s stock worth $55,970,000 after buying an additional 145,395 shares during the period. Sculptor Capital LP acquired a new stake in SPDR S&P Regional Banking ETF during the 1st quarter worth approximately $84,199,000. Finally, Stifel Financial Corp boosted its position in SPDR S&P Regional Banking ETF by 59.4% during the 2nd quarter. Stifel Financial Corp now owns 463,900 shares of the exchange traded fund’s stock worth $18,941,000 after buying an additional 172,798 shares during the period.

SPDR S&P Regional Banking ETF Stock Up 2.6 %

SPDR S&P Regional Banking ETF stock traded up $1.21 during mid-day trading on Friday, hitting $47.32. 15,224,218 shares of the stock were exchanged, compared to its average volume of 15,002,740. SPDR S&P Regional Banking ETF has a 12 month low of $34.52 and a 12 month high of $54.47. The firm’s fifty day simple moving average is $48.21 and its two-hundred day simple moving average is $47.21. The stock has a market capitalization of $2.40 billion, a price-to-earnings ratio of 8.27 and a beta of 1.56.

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.