Avestar Capital LLC purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor purchased 30,438 shares of the exchange traded fund’s stock, valued at approximately $1,787,000. SPDR S&P Regional Banking ETF makes up about 1.0% of Avestar Capital LLC’s investment portfolio, making the stock its 26th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KRE. The Manufacturers Life Insurance Company increased its holdings in SPDR S&P Regional Banking ETF by 8,228.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 86,535 shares of the exchange traded fund’s stock valued at $5,226,000 after purchasing an additional 85,496 shares in the last quarter. Peachtree Investment Advisors Inc. boosted its position in SPDR S&P Regional Banking ETF by 2.1% in the 2nd quarter. Peachtree Investment Advisors Inc. now owns 40,160 shares of the exchange traded fund’s stock valued at $2,450,000 after buying an additional 810 shares during the last quarter. Farmers Trust Co. boosted its position in SPDR S&P Regional Banking ETF by 2.6% in the 2nd quarter. Farmers Trust Co. now owns 75,349 shares of the exchange traded fund’s stock valued at $4,597,000 after buying an additional 1,882 shares during the last quarter. Cumberland Advisors Inc. boosted its position in SPDR S&P Regional Banking ETF by 2.2% in the 2nd quarter. Cumberland Advisors Inc. now owns 103,995 shares of the exchange traded fund’s stock valued at $6,344,000 after buying an additional 2,230 shares during the last quarter. Finally, Investment House LLC purchased a new position in SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $319,000.

NYSEARCA:KRE traded up $0.03 on Tuesday, reaching $53.06. The stock had a trading volume of 1,888,095 shares, compared to its average volume of 6,245,860. SPDR S&P Regional Banking ETF has a 12-month low of $52.86 and a 12-month high of $66.04.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 26th. Shareholders of record on Monday, September 24th were given a $0.287 dividend. This is a boost from SPDR S&P Regional Banking ETF’s previous quarterly dividend of $0.24. This represents a $1.15 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date of this dividend was Friday, September 21st.

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.

Recommended Story: Average Daily Trade Volume – What It Means In Stock Trading

Want to see what other hedge funds are holding KRE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for SPDR S&P Regional Banking ETF (NYSEARCA:KRE).

Institutional Ownership by Quarter for SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Receive News & Ratings for SPDR S&P Regional Banking ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SPDR S&P Regional Banking ETF and related companies with MarketBeat.com's FREE daily email newsletter.