5,960 Shares in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) Acquired by Federated Hermes Inc.

Federated Hermes Inc. acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 5,960 shares of the exchange traded fund’s stock, valued at approximately $312,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Simplex Trading LLC acquired a new position in SPDR S&P Regional Banking ETF in the third quarter valued at approximately $33,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth $53,000. Allworth Financial LP boosted its position in shares of SPDR S&P Regional Banking ETF by 219.5% in the 4th quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock worth $69,000 after purchasing an additional 900 shares during the last quarter. Friedenthal Financial acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $113,000. Finally, Annis Gardner Whiting Capital Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF in the third quarter valued at about $114,000.

SPDR S&P Regional Banking ETF Trading Up 1.3 %

Shares of KRE opened at $49.65 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of 8.36 and a beta of 1.56. The stock’s 50-day moving average price is $48.25 and its two-hundred day moving average price is $47.76. SPDR S&P Regional Banking ETF has a 1 year low of $34.52 and a 1 year high of $54.47.

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.