Crews Bank & Trust Takes Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Crews Bank & Trust bought a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 3,110 shares of the exchange traded fund’s stock, valued at approximately $188,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in KRE. Lowe Wealth Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $25,000. Larson Financial Group LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth about $57,000. Future Financial Wealth Managment LLC purchased a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $58,000. Bristlecone Advisors LLC bought a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at approximately $68,000. Finally, Armstrong Advisory Group Inc. lifted its holdings in SPDR S&P Regional Banking ETF by 25.7% in the 4th quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after buying an additional 255 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE stock opened at $64.32 on Friday. The firm has a market cap of $3.43 billion, a P/E ratio of 8.36 and a beta of 1.56. The business’s 50 day moving average price is $63.26 and its 200-day moving average price is $59.60. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week 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.