NTV Asset Management LLC Raises Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

NTV Asset Management LLC grew its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 142.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,117 shares of the exchange traded fund’s stock after buying an additional 35,278 shares during the quarter. NTV Asset Management LLC owned 0.08% of SPDR S&P Regional Banking ETF worth $3,152,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Alaska Permanent Fund Corp lifted its stake 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 valued at $64,695,000 after acquiring an additional 718,735 shares during the period. Myriad Asset Management US LP purchased a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth approximately $21,661,000. Wellington Management Group LLP bought a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $15,272,000. Delta Investment Management LLC purchased a new stake in SPDR S&P Regional Banking ETF during the 4th quarter valued at $17,880,000. Finally, Factory Mutual Insurance Co. bought a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at $16,190,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE traded up $0.63 during trading hours on Friday, hitting $49.65. The stock had a trading volume of 14,924,949 shares, compared to its average volume of 14,871,739. The firm has a market capitalization of $2.65 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 12 month low of $34.52 and a 12 month high of $54.47. The stock has a fifty day moving average price of $48.25 and a 200 day moving average price of $47.72.

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.