Stonebridge Financial Group LLC Makes New Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Stonebridge Financial Group LLC bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,104 shares of the exchange traded fund’s stock, valued at approximately $127,000.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Lowe Wealth Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at approximately $32,000. Larson Financial Group LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the third quarter valued at approximately $57,000. New Wave Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $67,000. Finally, Bristlecone Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $68,000.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA:KRE opened at $63.41 on Thursday. SPDR S&P Regional Banking ETF has a 12-month low of $45.46 and a 12-month high of $70.25. The business has a 50 day simple moving average of $62.65 and a 200 day simple moving average of $60.10. The firm has a market capitalization of $3.39 billion, a P/E ratio of 8.36 and a beta of 1.56.

SPDR S&P Regional Banking ETF Company 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.