Independent Advisor Alliance Buys Shares of 13,638 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Independent Advisor Alliance bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,638 shares of the exchange traded fund’s stock, valued at approximately $823,000.

Several other large investors also recently bought and sold shares of KRE. Sigma Planning Corp purchased a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $211,000. Prime Capital Investment Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF during the third quarter worth about $565,000. Thrivent Financial for Lutherans lifted its position in SPDR S&P Regional Banking ETF by 98.4% during the third quarter. Thrivent Financial for Lutherans now owns 14,464 shares of the exchange traded fund’s stock worth $819,000 after buying an additional 7,172 shares during the period. Prospera Financial Services Inc increased its stake in SPDR S&P Regional Banking ETF by 12.2% during the third quarter. Prospera Financial Services Inc now owns 8,898 shares of the exchange traded fund’s stock worth $504,000 after acquiring an additional 969 shares during the last quarter. Finally, Etfidea LLC increased its stake in SPDR S&P Regional Banking ETF by 25.8% during the third quarter. Etfidea LLC now owns 9,029 shares of the exchange traded fund’s stock worth $511,000 after acquiring an additional 1,851 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE opened at $56.76 on Friday. The firm has a market capitalization of $3.63 billion, a PE ratio of 12.46 and a beta of 1.09. The business has a 50-day moving average of $61.62 and a two-hundred day moving average of $60.93. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25.

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.