Private Advisory Group LLC Has $9.75 Million Stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Private Advisory Group LLC raised its position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 68.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 171,580 shares of the exchange traded fund’s stock after acquiring an additional 69,826 shares during the quarter. SPDR S&P Regional Banking ETF comprises 1.1% of Private Advisory Group LLC’s investment portfolio, making the stock its 22nd biggest holding. Private Advisory Group LLC owned about 0.29% of SPDR S&P Regional Banking ETF worth $9,754,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Arkadios Wealth Advisors raised its stake in shares of SPDR S&P Regional Banking ETF by 194.2% in the first quarter. Arkadios Wealth Advisors now owns 31,468 shares of the exchange traded fund’s stock worth $1,789,000 after purchasing an additional 20,773 shares during the last quarter. XTX Topco Ltd purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter valued at approximately $582,000. Nan Fung Trinity HK Ltd. purchased a new position in SPDR S&P Regional Banking ETF in the 1st quarter valued at approximately $30,233,000. Banque Cantonale Vaudoise bought a new position in SPDR S&P Regional Banking ETF in the 1st quarter valued at $1,137,000. Finally, Patten & Patten Inc. TN boosted its holdings in SPDR S&P Regional Banking ETF by 13.1% in the 1st quarter. Patten & Patten Inc. TN now owns 165,262 shares of the exchange traded fund’s stock valued at $9,395,000 after purchasing an additional 19,162 shares during the period.

SPDR S&P Regional Banking ETF Stock Down 1.3%

SPDR S&P Regional Banking ETF stock opened at $60.79 on Thursday. The company has a market capitalization of $3.36 billion, a PE ratio of 12.39 and a beta of 1.10. The firm has a fifty day simple moving average of $59.70 and a two-hundred day simple moving average of $58.68. SPDR S&P Regional Banking ETF has a twelve month low of $47.06 and a twelve month high of $70.25.

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.