B. Riley Wealth Advisors Inc. Invests $563,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

B. Riley Wealth Advisors Inc. purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,163 shares of the exchange traded fund’s stock, valued at approximately $563,000.

Several other institutional investors have also bought and sold shares of the company. Franklin Resources Inc. raised its stake in shares of SPDR S&P Regional Banking ETF by 1,462.5% in the third quarter. Franklin Resources Inc. now owns 25,000 shares of the exchange traded fund’s stock valued at $1,462,000 after buying an additional 23,400 shares during the period. Synovus Financial Corp raised its stake in SPDR S&P Regional Banking ETF by 78.2% in the 3rd quarter. Synovus Financial Corp now owns 70,543 shares of the exchange traded fund’s stock valued at $3,993,000 after acquiring an additional 30,956 shares during the period. Arvest Bank Trust Division bought a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at about $5,835,000. Sanctuary Advisors LLC lifted its holdings in SPDR S&P Regional Banking ETF by 4.8% during the third quarter. Sanctuary Advisors LLC now owns 58,140 shares of the exchange traded fund’s stock valued at $3,291,000 after purchasing an additional 2,644 shares during the last quarter. Finally, Empire Financial Management Company LLC bought a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $283,000.

SPDR S&P Regional Banking ETF Stock Down 5.2 %

NYSEARCA KRE opened at $60.26 on Thursday. The firm has a market cap of $3.22 billion, a P/E ratio of 8.36 and a beta of 1.56. The company’s 50 day moving average is $63.30 and its 200-day moving average is $56.75. SPDR S&P Regional Banking ETF has a 12-month low of $45.46 and a 12-month high of $70.25.

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.