Tennessee Valley Asset Management Partners Invests $138,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Tennessee Valley Asset Management Partners purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,638 shares of the exchange traded fund’s stock, valued at approximately $138,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Jamison Private Wealth Management Inc. lifted its position in shares of SPDR S&P Regional Banking ETF by 11.6% in the 4th quarter. Jamison Private Wealth Management Inc. now owns 2,744 shares of the exchange traded fund’s stock worth $144,000 after purchasing an additional 286 shares during the period. Clearstead Advisors LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 1.2% in the 3rd quarter. Clearstead Advisors LLC now owns 32,654 shares of the exchange traded fund’s stock worth $1,364,000 after purchasing an additional 375 shares during the period. Cowa LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 4.7% in the 3rd quarter. Cowa LLC now owns 8,584 shares of the exchange traded fund’s stock worth $359,000 after purchasing an additional 389 shares during the period. Valeo Financial Advisors LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 5.2% in the 4th quarter. Valeo Financial Advisors LLC now owns 9,179 shares of the exchange traded fund’s stock worth $481,000 after purchasing an additional 456 shares during the period. Finally, Willis Johnson & Associates Inc. lifted its position in shares of SPDR S&P Regional Banking ETF by 11.1% in the 4th quarter. Willis Johnson & Associates Inc. now owns 5,456 shares of the exchange traded fund’s stock worth $286,000 after purchasing an additional 545 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE opened at $48.18 on Tuesday. The company has a market capitalization of $2.45 billion, a P/E ratio of 8.27 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 52-week low of $34.52 and a 52-week high of $54.47. The company’s 50 day moving average price is $48.19 and its 200-day moving average price is $47.36.

SPDR S&P Regional Banking ETF Company 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.