Titleist Asset Management LLC Takes $228,000 Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Titleist Asset Management LLC bought a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 3,774 shares of the exchange traded fund’s stock, valued at approximately $228,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Lowe Wealth Advisors LLC purchased a new stake in SPDR S&P Regional Banking ETF during the fourth quarter worth approximately $25,000. Kohmann Bosshard Financial Services LLC purchased a new stake in SPDR S&P Regional Banking ETF during the 4th quarter worth $26,000. Valley Wealth Managers Inc. boosted its position in SPDR S&P Regional Banking ETF by 22,750.0% during the 4th quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock worth $28,000 after purchasing an additional 455 shares during the period. Heck Capital Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $32,000. Finally, Lee Danner & Bass Inc. purchased a new position in SPDR S&P Regional Banking ETF in the fourth quarter valued at about $54,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA KRE opened at $49.27 on Tuesday. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 12.74 and a beta of 1.09. SPDR S&P Regional Banking ETF has a 1-year low of $45.46 and a 1-year high of $70.25. The business has a 50-day moving average of $59.77 and a 200-day moving average of $60.91.

SPDR S&P Regional Banking ETF Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, March 26th. Shareholders of record on Monday, March 24th were issued a $0.3782 dividend. The ex-dividend date was Monday, March 24th.

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.