Wedmont Private Capital Makes New $1.37 Million Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Wedmont Private Capital acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 23,447 shares of the exchange traded fund’s stock, valued at approximately $1,367,000.

Several other large investors have also recently added to or reduced their stakes in KRE. Main Management ETF Advisors LLC increased its stake in shares of SPDR S&P Regional Banking ETF by 2.6% during the second quarter. Main Management ETF Advisors LLC now owns 2,538,750 shares of the exchange traded fund’s stock worth $124,653,000 after buying an additional 63,750 shares during the period. Toronto Dominion Bank increased its position in shares of SPDR S&P Regional Banking ETF by 195.9% in the 2nd quarter. Toronto Dominion Bank now owns 754,500 shares of the exchange traded fund’s stock valued at $37,046,000 after purchasing an additional 499,500 shares during the last quarter. Holocene Advisors LP increased its position in shares of SPDR S&P Regional Banking ETF by 142.6% in the 3rd quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock valued at $29,963,000 after purchasing an additional 311,147 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of SPDR S&P Regional Banking ETF by 1,910.8% in the 3rd quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock valued at $25,461,000 after purchasing an additional 427,473 shares in the last quarter. Finally, SMI Advisory Services LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the third quarter worth $20,777,000.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA:KRE opened at $59.18 on Tuesday. The firm has a market capitalization of $3.16 billion, a PE ratio of 8.36 and a beta of 1.56. The business’s fifty day moving average price is $63.81 and its 200 day moving average price is $58.41. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25.

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.