EverSource Wealth Advisors LLC Makes New $2.70 Million Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

EverSource Wealth Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, Holdings Channel.com reports. The firm purchased 44,697 shares of the exchange traded fund’s stock, valued at approximately $2,697,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of KRE. Cascade Financial Partners LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 7.3% in the 4th quarter. Cascade Financial Partners LLC now owns 5,878 shares of the exchange traded fund’s stock worth $355,000 after purchasing an additional 400 shares in the last quarter. Wealthfront Advisers LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF by 1,893.1% in the 4th quarter. Wealthfront Advisers LLC now owns 153,630 shares of the exchange traded fund’s stock worth $8,662,000 after purchasing an additional 145,922 shares in the last quarter. Independent Advisor Alliance bought a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth $823,000. Meriwether Wealth & Planning LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth $496,000. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of SPDR S&P Regional Banking ETF by 5.2% in the 4th quarter. PNC Financial Services Group Inc. now owns 130,164 shares of the exchange traded fund’s stock worth $7,855,000 after purchasing an additional 6,385 shares in the last quarter.

SPDR S&P Regional Banking ETF Trading Up 1.2 %

NYSEARCA KRE opened at $55.75 on Thursday. The firm has a market capitalization of $4.26 billion, a P/E ratio of 13.97 and a beta of 1.11. The business has a fifty day simple moving average of $61.88 and a 200 day simple moving average of $60.98. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25.

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.