Envestnet Asset Management Inc. Has $8.24 Million Stock Position in SPDR S&P Regional Banking ETF $KRE

Envestnet Asset Management Inc. raised its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 35.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 130,192 shares of the exchange traded fund’s stock after buying an additional 34,248 shares during the period. Envestnet Asset Management Inc. owned 0.21% of SPDR S&P Regional Banking ETF worth $8,241,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Chicago Partners Investment Group LLC acquired a new position in SPDR S&P Regional Banking ETF during the 2nd quarter worth $205,000. Founders Financial Securities LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth $1,756,000. Envestnet Portfolio Solutions Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth $795,000. Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of SPDR S&P Regional Banking ETF by 8.1% during the second quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 44,027 shares of the exchange traded fund’s stock valued at $2,625,000 after acquiring an additional 3,305 shares during the period. Finally, Atlantic Union Bankshares Corp bought a new position in SPDR S&P Regional Banking ETF in the second quarter valued at about $2,764,000.

SPDR S&P Regional Banking ETF Stock Down 0.5%

Shares of KRE stock opened at $70.99 on Friday. The firm has a market cap of $4.44 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. SPDR S&P Regional Banking ETF has a 12 month low of $47.06 and a 12 month high of $74.08. The stock has a 50-day moving average price of $68.49 and a 200 day moving average price of $64.66.

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.