Independent Financial Group LLC Acquires Shares of 12,773 SPDR S&P Regional Banking ETF $KRE

Independent Financial Group LLC bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the first quarter, Holdings Channel reports. The firm bought 12,773 shares of the exchange traded fund’s stock, valued at approximately $832,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Arax Advisory Partners acquired a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at $25,000. Aventura Private Wealth LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $26,000. UMB Bank n.a. bought a new stake in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $52,000. Assetmark Inc. increased its holdings in SPDR S&P Regional Banking ETF by 207.0% in the fourth quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $69,000 after purchasing an additional 714 shares during the last quarter. Finally, Elyxium Wealth LLC acquired a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $70,000.

SPDR S&P Regional Banking ETF Trading Up 0.1%

NYSEARCA:KRE opened at $75.98 on Wednesday. SPDR S&P Regional Banking ETF has a 1-year low of $57.55 and a 1-year high of $78.10. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. The business’s 50-day moving average price is $72.17 and its two-hundred day moving average price is $69.48.

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.