Bright Futures Wealth Management LLC. Takes $3.36 Million Position in SPDR S&P Regional Banking ETF $KRE

Bright Futures Wealth Management LLC. purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 53,052 shares of the exchange traded fund’s stock, valued at approximately $3,358,000. SPDR S&P Regional Banking ETF accounts for about 2.6% of Bright Futures Wealth Management LLC.’s portfolio, making the stock its 5th largest holding. Bright Futures Wealth Management LLC. owned approximately 0.09% of SPDR S&P Regional Banking ETF as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. purchased a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at approximately $795,000. Founders Financial Securities LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter valued at $1,756,000. Atlantic Union Bankshares Corp acquired a new stake in shares of SPDR S&P Regional Banking ETF during the second quarter valued at $2,764,000. Banco Bilbao Vizcaya Argentaria S.A. increased its position in SPDR S&P Regional Banking ETF by 8.1% during the 2nd quarter. Banco Bilbao Vizcaya Argentaria S.A. now owns 44,027 shares of the exchange traded fund’s stock worth $2,625,000 after purchasing an additional 3,305 shares in the last quarter. Finally, Global Retirement Partners LLC acquired a new position in SPDR S&P Regional Banking ETF in the 2nd quarter valued at about $522,000.

SPDR S&P Regional Banking ETF Trading Down 5.1%

NYSEARCA:KRE opened at $66.77 on Monday. The firm has a market cap of $4.17 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 company’s 50-day moving average is $68.75 and its two-hundred day moving average is $65.11.

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.