1858 Wealth Management LLC Has $992,000 Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

1858 Wealth Management LLC lifted its holdings in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 7.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,444 shares of the exchange traded fund’s stock after buying an additional 1,158 shares during the period. 1858 Wealth Management LLC’s holdings in SPDR S&P Regional Banking ETF were worth $992,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Holocene Advisors LP lifted its stake in SPDR S&P Regional Banking ETF by 142.6% in the third quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock valued at $29,963,000 after acquiring an additional 311,147 shares during the last quarter. EP Wealth Advisors LLC raised its holdings in shares of SPDR S&P Regional Banking ETF by 1,910.8% in 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 period. Goodman Financial Corp lifted its stake in SPDR S&P Regional Banking ETF by 0.6% in the 3rd quarter. Goodman Financial Corp now owns 371,371 shares of the exchange traded fund’s stock valued at $21,019,000 after purchasing an additional 2,159 shares during the last quarter. Parcion Private Wealth LLC bought a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $14,189,000. Finally, DAVENPORT & Co LLC acquired a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth approximately $14,868,000.

SPDR S&P Regional Banking ETF Stock Up 1.9 %

NYSEARCA:KRE opened at $64.05 on Wednesday. SPDR S&P Regional Banking ETF has a 12-month low of $45.46 and a 12-month high of $70.25. The firm has a market capitalization of $3.42 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The stock’s 50 day moving average price is $62.98 and its two-hundred day moving average price is $59.83.

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.