Global Wealth Management LLC Invests $204,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Global Wealth Management LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, Holdings Channel.com reports. The firm purchased 3,374 shares of the exchange traded fund’s stock, valued at approximately $204,000.

Other institutional investors have also added to or reduced their stakes in the company. Main Management ETF Advisors LLC raised its position in shares of SPDR S&P Regional Banking ETF by 2.6% during the 2nd quarter. Main Management ETF Advisors LLC now owns 2,538,750 shares of the exchange traded fund’s stock valued at $124,653,000 after buying an additional 63,750 shares in the last quarter. Toronto Dominion Bank raised its position in SPDR S&P Regional Banking ETF by 195.9% during the second quarter. Toronto Dominion Bank now owns 754,500 shares of the exchange traded fund’s stock valued at $37,046,000 after purchasing an additional 499,500 shares during the period. Holocene Advisors LP boosted its holdings in shares of SPDR S&P Regional Banking ETF by 142.6% in the 3rd quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock worth $29,963,000 after purchasing an additional 311,147 shares during the period. EP Wealth Advisors LLC increased its position in shares of SPDR S&P Regional Banking ETF by 1,910.8% during the 3rd quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock valued at $25,461,000 after purchasing an additional 427,473 shares during the last quarter. Finally, SMI Advisory Services LLC purchased a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter valued at $20,777,000.

SPDR S&P Regional Banking ETF Stock Up 1.5 %

Shares of KRE opened at $63.07 on Monday. SPDR S&P Regional Banking ETF has a 52-week low of $45.46 and a 52-week high of $70.25. The company has a market cap of $3.37 billion, a PE ratio of 8.36 and a beta of 1.56. The business has a fifty day moving average of $63.70 and a 200 day moving average of $58.86.

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.