Absolute Capital Management LLC Acquires New Shares in SPDR S&P Regional Banking ETF $KRE

Absolute Capital Management LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 23,405 shares of the exchange traded fund’s stock, valued at approximately $1,482,000.

Several other institutional investors have also recently made changes to their positions in KRE. Realta Investment Advisors bought a new stake in SPDR S&P Regional Banking ETF during the third quarter valued at $27,000. Grey Fox Wealth Advisors LLC purchased a new position in shares of SPDR S&P Regional Banking ETF during the third quarter worth about $35,000. Mountain Hill Investment Partners Corp. bought a new position in shares of SPDR S&P Regional Banking ETF in the third quarter worth approximately $39,000. Trust Co. of Vermont purchased a new stake in SPDR S&P Regional Banking ETF in the second quarter valued at approximately $53,000. Finally, Private Wealth Asset Management LLC lifted its position in SPDR S&P Regional Banking ETF by 114.9% during the second quarter. Private Wealth Asset Management LLC now owns 935 shares of the exchange traded fund’s stock valued at $56,000 after purchasing an additional 500 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE opened at $67.78 on Thursday. The company’s fifty day moving average price is $66.06 and its 200-day moving average price is $63.63. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. SPDR S&P Regional Banking ETF has a one year low of $47.06 and a one year high of $71.26.

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.