Park Avenue Securities LLC Acquires New Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Park Avenue Securities LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 6,417 shares of the exchange traded fund’s stock, valued at approximately $365,000.

Several other hedge funds also recently bought and sold shares of the company. Kohmann Bosshard Financial Services LLC purchased a new position in SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $26,000. Valley Wealth Managers Inc. grew its stake in SPDR S&P Regional Banking ETF by 22,750.0% in the 4th quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock worth $28,000 after buying an additional 455 shares in the last quarter. Vermillion Wealth Management Inc. purchased a new position in SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $32,000. Heck Capital Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $32,000. Finally, Lowe Wealth Advisors LLC grew its stake in SPDR S&P Regional Banking ETF by 80.1% in the 1st quarter. Lowe Wealth Advisors LLC now owns 744 shares of the exchange traded fund’s stock worth $42,000 after buying an additional 331 shares in the last quarter.

SPDR S&P Regional Banking ETF Price Performance

KRE stock opened at $56.23 on Monday. SPDR S&P Regional Banking ETF has a one year low of $45.79 and a one year high of $70.25. The stock has a market cap of $3.23 billion, a PE ratio of 12.43 and a beta of 0.90. The firm has a 50 day simple moving average of $55.41 and a two-hundred day simple moving average of $59.01.

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.