Lansing Street Advisors Buys New Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Lansing Street Advisors bought a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 6,296 shares of the exchange traded fund’s stock, valued at approximately $380,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Members Advisory Group LLC acquired a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $6,105,000. WESPAC Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $418,000. Sigma Planning Corp lifted its stake in SPDR S&P Regional Banking ETF by 68.9% during the fourth quarter. Sigma Planning Corp now owns 6,283 shares of the exchange traded fund’s stock valued at $379,000 after purchasing an additional 2,562 shares during the last quarter. Parcion Private Wealth LLC lifted its stake in SPDR S&P Regional Banking ETF by 6.4% during the fourth quarter. Parcion Private Wealth LLC now owns 266,690 shares of the exchange traded fund’s stock valued at $16,095,000 after purchasing an additional 15,994 shares during the last quarter. Finally, Concurrent Investment Advisors LLC acquired a new stake in SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $294,000.

SPDR S&P Regional Banking ETF Price Performance

KRE stock opened at $61.42 on Friday. 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 cap of $3.28 billion, a PE ratio of 8.36 and a beta of 1.56. The firm has a 50 day simple moving average of $62.35 and a 200 day simple moving average of $60.49.

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.