Journey Strategic Wealth LLC Acquires Shares of 4,429 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Journey Strategic Wealth LLC acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 4,429 shares of the exchange traded fund’s stock, valued at approximately $267,000.

A number of other hedge funds have also recently bought and sold shares of the company. Holocene Advisors LP boosted its position in 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 valued at $29,963,000 after buying an additional 311,147 shares during the last quarter. EP Wealth Advisors LLC boosted its position in 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 buying an additional 427,473 shares during the last quarter. SMI Advisory Services LLC bought a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $20,777,000. Goodman Financial Corp boosted its position 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 buying an additional 2,159 shares during the last quarter. Finally, Parcion Private Wealth LLC bought a new position in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $14,189,000.

SPDR S&P Regional Banking ETF Stock Down 2.1 %

KRE stock opened at $62.83 on Tuesday. The business’s fifty day moving average is $63.07 and its 200-day moving average is $59.77. The company has a market cap of $3.36 billion, a P/E ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a twelve month low of $45.46 and a twelve 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.