Founders Financial Alliance LLC Invests $52,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Founders Financial Alliance LLC purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KREFree Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,000 shares of the exchange traded fund’s stock, valued at approximately $52,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Allworth Financial LP grew its position in shares of SPDR S&P Regional Banking ETF by 219.5% during the 4th quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock worth $69,000 after buying an additional 900 shares in the last quarter. Valeo Financial Advisors LLC lifted its stake in shares of SPDR S&P Regional Banking ETF by 5.2% during the 4th quarter. Valeo Financial Advisors LLC now owns 9,179 shares of the exchange traded fund’s stock worth $481,000 after purchasing an additional 456 shares during the last quarter. International Assets Investment Management LLC lifted its stake in shares of SPDR S&P Regional Banking ETF by 3,228.6% during the 4th quarter. International Assets Investment Management LLC now owns 272,144 shares of the exchange traded fund’s stock worth $14,269,000 after purchasing an additional 263,968 shares during the last quarter. VELA Investment Management LLC lifted its stake in shares of SPDR S&P Regional Banking ETF by 20.5% during the 3rd quarter. VELA Investment Management LLC now owns 17,603 shares of the exchange traded fund’s stock worth $735,000 after purchasing an additional 2,994 shares during the last quarter. Finally, SOL Capital Management CO raised its stake in SPDR S&P Regional Banking ETF by 15.1% in the fourth quarter. SOL Capital Management CO now owns 19,440 shares of the exchange traded fund’s stock valued at $1,019,000 after buying an additional 2,550 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

SPDR S&P Regional Banking ETF stock traded up $0.21 during midday trading on Friday, reaching $48.92. The company’s stock had a trading volume of 6,530,471 shares, compared to its average volume of 14,072,168. The stock’s 50-day simple moving average is $48.78 and its 200-day simple moving average is $48.79. SPDR S&P Regional Banking ETF has a 52-week low of $37.66 and a 52-week high of $54.47. The stock has a market capitalization of $2.61 billion, a P/E ratio of 8.36 and a beta of 1.56.

SPDR S&P Regional Banking ETF Profile

(Free Report)

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.

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

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