Etfidea LLC Has $511,000 Stock Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Etfidea LLC boosted its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 25.8% in the third quarter, Holdings Channel reports. The firm owned 9,029 shares of the exchange traded fund’s stock after purchasing an additional 1,851 shares during the quarter. Etfidea LLC’s holdings in SPDR S&P Regional Banking ETF were worth $511,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRE. Clear Point Advisors Inc. bought a new position in SPDR S&P Regional Banking ETF during the first quarter worth about $44,000. Thurston Springer Miller Herd & Titak Inc. bought a new position in SPDR S&P Regional Banking ETF during the second quarter worth about $50,000. Future Financial Wealth Managment LLC bought a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $58,000. Family Firm Inc. bought a new position in SPDR S&P Regional Banking ETF during the second quarter worth about $60,000. Finally, Bristlecone Advisors LLC bought a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $68,000.

SPDR S&P Regional Banking ETF Stock Down 0.6 %

Shares of KRE opened at $65.34 on Wednesday. The stock has a market cap of $3.49 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 12 month low of $43.51 and a 12 month high of $67.96. The company has a 50-day moving average price of $59.04 and a two-hundred day moving average price of $54.38.

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.