61,899 Shares in SPDR S&P Regional Banking ETF $KRE Bought by Westview Management dba Westview Investment Advisors

Westview Management dba Westview Investment Advisors purchased a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 61,899 shares of the exchange traded fund’s stock, valued at approximately $4,012,000. SPDR S&P Regional Banking ETF comprises 1.9% of Westview Management dba Westview Investment Advisors’ investment portfolio, making the stock its 19th biggest position.

A number of other institutional investors and hedge funds have also recently bought and sold shares of KRE. Aventura Private Wealth LLC bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter worth about $26,000. Realta Investment Advisors acquired a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter valued at approximately $27,000. Grey Fox Wealth Advisors LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter valued at $35,000. Accent Capital Management LLC lifted its stake in SPDR S&P Regional Banking ETF by 100.0% in the 3rd quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after acquiring an additional 300 shares in the last quarter. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth approximately $39,000.

SPDR S&P Regional Banking ETF Trading Down 0.2%

Shares of NYSEARCA:KRE opened at $63.04 on Monday. The firm has a market cap of $3.94 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. SPDR S&P Regional Banking ETF has a 1 year low of $47.06 and a 1 year high of $74.08. The business has a fifty day simple moving average of $68.22 and a 200 day simple moving average of $65.19.

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.