NewSquare Capital LLC Invests $8.11 Million in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

NewSquare Capital LLC bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 154,673 shares of the exchange traded fund’s stock, valued at approximately $8,109,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Harbor Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $1,049,000. Larson Financial Group LLC acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth about $190,000. Capital Investment Advisory Services LLC raised its stake in SPDR S&P Regional Banking ETF by 207.3% during the fourth quarter. Capital Investment Advisory Services LLC now owns 17,927 shares of the exchange traded fund’s stock worth $940,000 after acquiring an additional 12,094 shares in the last quarter. CWM LLC raised its stake in SPDR S&P Regional Banking ETF by 19.6% during the fourth quarter. CWM LLC now owns 4,350 shares of the exchange traded fund’s stock worth $228,000 after acquiring an additional 712 shares in the last quarter. Finally, Riggs Asset Managment Co. Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $484,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA:KRE traded up $0.55 during midday trading on Tuesday, hitting $48.73. 12,829,965 shares of the stock were exchanged, compared to its average volume of 14,961,459. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 8.27 and a beta of 1.56. The business’s 50-day moving average price is $48.23 and its 200 day moving average price is $47.41. SPDR S&P Regional Banking ETF has a 12 month low of $34.52 and a 12 month high of $54.47.

SPDR S&P Regional Banking ETF Company 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.