Econ Financial Services Corp Acquires Shares of 23,710 SPDR S&P Regional Banking ETF $KRE

Econ Financial Services Corp acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,710 shares of the exchange traded fund’s stock, valued at approximately $1,537,000.

Other hedge funds have also modified their holdings of the company. Aventura Private Wealth LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at $26,000. Realta Investment Advisors acquired a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth $27,000. Grey Fox Wealth Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF during the 3rd quarter worth $35,000. Accent Capital Management LLC grew its position in SPDR S&P Regional Banking ETF by 100.0% during the 3rd quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Finally, Mountain Hill Investment Partners Corp. acquired a new position in SPDR S&P Regional Banking ETF in the third quarter valued at $39,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA:KRE opened at $65.15 on Wednesday. SPDR S&P Regional Banking ETF has a one year low of $47.06 and a one year high of $74.08. The stock has a market capitalization of $4.07 billion, a price-to-earnings ratio of 12.39 and a beta of 0.90. The company has a 50-day simple moving average of $67.79 and a 200-day simple moving average of $65.14.

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.