Great Valley Advisor Group Inc. Invests $335,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Great Valley Advisor Group Inc. acquired a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 6,390 shares of the exchange traded fund’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allworth Financial LP lifted its stake in shares of SPDR S&P Regional Banking ETF by 219.5% in the fourth quarter. Allworth Financial LP now owns 1,310 shares of the exchange traded fund’s stock worth $69,000 after acquiring an additional 900 shares during the period. Valeo Financial Advisors LLC lifted its stake in SPDR S&P Regional Banking ETF by 5.2% in the fourth quarter. Valeo Financial Advisors LLC now owns 9,179 shares of the exchange traded fund’s stock valued at $481,000 after buying an additional 456 shares during the period. International Assets Investment Management LLC lifted its stake in SPDR S&P Regional Banking ETF by 3,228.6% in the fourth quarter. International Assets Investment Management LLC now owns 272,144 shares of the exchange traded fund’s stock valued at $14,269,000 after buying an additional 263,968 shares during the period. VELA Investment Management LLC lifted its stake in SPDR S&P Regional Banking ETF by 20.5% in the third quarter. VELA Investment Management LLC now owns 17,603 shares of the exchange traded fund’s stock valued at $735,000 after buying an additional 2,994 shares during the period. Finally, SOL Capital Management CO lifted its stake in SPDR S&P Regional Banking ETF by 15.1% in the fourth quarter. SOL Capital Management CO now owns 19,440 shares of the exchange traded fund’s stock valued at $1,019,000 after buying an additional 2,550 shares during the period.

SPDR S&P Regional Banking ETF Stock Performance

Shares of KRE opened at $49.65 on Monday. SPDR S&P Regional Banking ETF has a 52-week low of $34.52 and a 52-week high of $54.47. The business’s 50 day moving average price is $48.25 and its two-hundred day moving average price is $47.81. The firm has a market cap of $2.65 billion, a PE ratio of 8.36 and a beta of 1.56.

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.