Daymark Wealth Partners LLC Makes New $380,000 Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Daymark Wealth Partners LLC bought a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, HoldingsChannel reports. The fund bought 6,304 shares of the exchange traded fund’s stock, valued at approximately $380,000.

A number of other institutional investors have also recently made changes to their positions in KRE. Lowe Wealth Advisors LLC bought a new position in SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $25,000. Larson Financial Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the third quarter worth $57,000. Future Financial Wealth Managment LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the third quarter valued at $58,000. Bristlecone Advisors LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter valued at $68,000. Finally, Armstrong Advisory Group Inc. increased its holdings in SPDR S&P Regional Banking ETF by 25.7% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after buying an additional 255 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA:KRE opened at $62.86 on Friday. The business has a 50-day simple moving average of $63.44 and a two-hundred day simple moving average of $59.13. The firm has a market cap of $3.36 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25.

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.