Stratos Wealth Partners LTD. Acquires 1,217 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Stratos Wealth Partners LTD. increased its holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 22.6% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 6,607 shares of the exchange traded fund’s stock after buying an additional 1,217 shares during the quarter. Stratos Wealth Partners LTD.’s holdings in SPDR S&P Regional Banking ETF were worth $376,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of KRE. Vermillion Wealth Management Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth approximately $32,000. Heck Capital Advisors LLC bought a new stake in SPDR S&P Regional Banking ETF in the 4th quarter worth approximately $32,000. Lowe Wealth Advisors LLC raised its stake in SPDR S&P Regional Banking ETF by 80.1% during the 1st quarter. Lowe Wealth Advisors LLC now owns 744 shares of the exchange traded fund’s stock valued at $42,000 after buying an additional 331 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter valued at $44,000. Finally, Provident Wealth Management LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the 1st quarter valued at $51,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE opened at $63.60 on Tuesday. SPDR S&P Regional Banking ETF has a one year low of $47.06 and a one year high of $70.25. The business has a fifty day moving average of $58.49 and a 200 day moving average of $58.45. The firm has a market capitalization of $3.55 billion, a P/E ratio of 12.39 and a beta of 1.10.

SPDR S&P Regional Banking ETF 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.