KWB Wealth Invests $398,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

KWB Wealth purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 7,595 shares of the exchange traded fund’s stock, valued at approximately $398,000.

Other institutional investors have also recently made changes to their positions in the company. Blair William & Co. IL increased its stake in SPDR S&P Regional Banking ETF by 20.5% in the first quarter. Blair William & Co. IL now owns 17,023 shares of the exchange traded fund’s stock valued at $1,173,000 after acquiring an additional 2,899 shares during the last quarter. Cetera Investment Advisers boosted its position in SPDR S&P Regional Banking ETF by 2.9% during the first quarter. Cetera Investment Advisers now owns 49,150 shares of the exchange traded fund’s stock valued at $3,386,000 after buying an additional 1,364 shares during the period. Moors & Cabot Inc. boosted its position in SPDR S&P Regional Banking ETF by 170.3% during the first quarter. Moors & Cabot Inc. now owns 8,689 shares of the exchange traded fund’s stock valued at $599,000 after buying an additional 5,474 shares during the period. Baird Financial Group Inc. boosted its position in SPDR S&P Regional Banking ETF by 133.1% during the first quarter. Baird Financial Group Inc. now owns 71,351 shares of the exchange traded fund’s stock valued at $4,916,000 after buying an additional 40,746 shares during the period. Finally, Loomis Sayles & Co. L P purchased a new stake in SPDR S&P Regional Banking ETF during the first quarter valued at about $1,093,000.

SPDR S&P Regional Banking ETF Stock Down 1.4 %

Shares of SPDR S&P Regional Banking ETF stock traded down $0.69 during trading on Monday, reaching $47.17. 7,757,527 shares of the stock were exchanged, compared to its average volume of 16,283,709. The stock’s fifty day moving average is $49.29 and its 200 day moving average is $46.35. The firm has a market cap of $3.49 billion, a price-to-earnings ratio of 10.19 and a beta of 1.10. SPDR S&P Regional Banking ETF has a 1 year low of $34.52 and a 1 year high of $54.47.

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.