Petiole USA ltd Invests $3.31 Million in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Petiole USA ltd purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the third quarter, HoldingsChannel reports. The firm purchased 58,500 shares of the exchange traded fund’s stock, valued at approximately $3,311,000. SPDR S&P Regional Banking ETF accounts for approximately 2.2% of Petiole USA ltd’s investment portfolio, making the stock its 22nd biggest position.

Other institutional investors have also recently bought and sold shares of the company. Clear Point Advisors Inc. bought a new position in shares of SPDR S&P Regional Banking ETF in the 1st quarter valued at about $44,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P Regional Banking ETF in the second quarter valued at approximately $50,000. Larson Financial Group LLC acquired a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth $57,000. Future Financial Wealth Managment LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth $58,000. Finally, Family Firm Inc. bought a new position in shares of SPDR S&P Regional Banking ETF in the 2nd quarter worth $60,000.

SPDR S&P Regional Banking ETF Trading Down 0.2 %

NYSEARCA:KRE opened at $68.74 on Tuesday. SPDR S&P Regional Banking ETF has a 1-year low of $43.51 and a 1-year high of $70.25. The firm has a market capitalization of $3.67 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The business’s 50-day moving average price is $59.98 and its two-hundred day moving average price is $54.86.

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.