Focus Partners Wealth Acquires New Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Focus Partners Wealth acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,862 shares of the exchange traded fund’s stock, valued at approximately $484,000.

Several other institutional investors and hedge funds have also recently modified their holdings of KRE. Kohmann Bosshard Financial Services LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $26,000. Valley Wealth Managers Inc. boosted its position in shares of SPDR S&P Regional Banking ETF by 22,750.0% during the 4th quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock worth $28,000 after acquiring an additional 455 shares in the last quarter. Heck Capital Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $32,000. Lee Danner & Bass Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth about $54,000. Finally, JFS Wealth Advisors LLC boosted its position in shares of SPDR S&P Regional Banking ETF by 295.4% during the 4th quarter. JFS Wealth Advisors LLC now owns 945 shares of the exchange traded fund’s stock worth $57,000 after acquiring an additional 706 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Down 0.5%

KRE opened at $58.73 on Wednesday. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of 12.43 and a beta of 0.89. The business’s 50 day moving average is $54.84 and its two-hundred day moving average is $60.12. SPDR S&P Regional Banking ETF has a 52 week low of $45.76 and a 52 week high of $70.25.

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.