Game Plan Financial Advisors LLC lifted its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) by 92.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 38,174 shares of the exchange traded fund’s stock after buying an additional 18,372 shares during the period. Game Plan Financial Advisors LLC’s holdings in SPDR S&P Regional Banking ETF were worth $2,305,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Lowe Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $25,000. Heck Capital Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $32,000. Larson Financial Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the third quarter valued at $57,000. New Wave Wealth Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter valued at $67,000. Finally, Bristlecone Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the third quarter valued at $68,000.
SPDR S&P Regional Banking ETF Trading Up 0.3 %
Shares of KRE stock opened at $63.89 on Friday. SPDR S&P Regional Banking ETF has a 1-year low of $45.46 and a 1-year high of $70.25. The company has a market capitalization of $3.41 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The stock’s fifty day simple moving average is $62.54 and its 200-day simple moving average is $60.18.
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.
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