IPG Investment Advisors LLC Invests $222,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

IPG Investment Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 3,676 shares of the exchange traded fund’s stock, valued at approximately $222,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Gries Financial LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at $641,000. Truist Financial Corp boosted its stake in SPDR S&P Regional Banking ETF by 2.0% during the 4th quarter. Truist Financial Corp now owns 187,948 shares of the exchange traded fund’s stock valued at $11,343,000 after purchasing an additional 3,762 shares during the period. Empowered Funds LLC bought a new position in SPDR S&P Regional Banking ETF in the 4th quarter worth about $1,550,000. Jones Financial Companies Lllp increased its stake in shares of SPDR S&P Regional Banking ETF by 192.2% in the fourth quarter. Jones Financial Companies Lllp now owns 15,371 shares of the exchange traded fund’s stock valued at $928,000 after purchasing an additional 10,110 shares during the period. Finally, Wealthcare Advisory Partners LLC raised its holdings in shares of SPDR S&P Regional Banking ETF by 25.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock valued at $670,000 after buying an additional 2,251 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE stock opened at $56.41 on Monday. SPDR S&P Regional Banking ETF has a 12-month low of $45.46 and a 12-month high of $70.25. The firm has a market capitalization of $3.61 billion, a price-to-earnings ratio of 12.46 and a beta of 1.09. The business has a 50 day simple moving average of $60.97 and a 200 day simple moving average of $61.05.

SPDR S&P Regional Banking ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, March 26th. Stockholders of record on Monday, March 24th were issued a dividend of $0.3782 per share. The ex-dividend date of this dividend was Monday, March 24th.

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.