Concurrent Investment Advisors LLC Takes $294,000 Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Concurrent Investment Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,866 shares of the exchange traded fund’s stock, valued at approximately $294,000.

A number of other hedge funds have also recently added to or reduced their stakes in KRE. Trust Co. of Toledo NA OH lifted its position in shares of SPDR S&P Regional Banking ETF by 4.7% in the 4th quarter. Trust Co. of Toledo NA OH now owns 4,299 shares of the exchange traded fund’s stock worth $259,000 after buying an additional 193 shares during the last quarter. Armstrong Advisory Group Inc. lifted its holdings in SPDR S&P Regional Banking ETF by 25.7% in the fourth quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock worth $75,000 after acquiring an additional 255 shares during the last quarter. Principal Securities Inc. boosted its stake in SPDR S&P Regional Banking ETF by 5.0% in the fourth quarter. Principal Securities Inc. now owns 6,035 shares of the exchange traded fund’s stock valued at $364,000 after acquiring an additional 285 shares during the period. Joseph P. Lucia & Associates LLC grew its holdings in shares of SPDR S&P Regional Banking ETF by 2.0% during the fourth quarter. Joseph P. Lucia & Associates LLC now owns 18,300 shares of the exchange traded fund’s stock valued at $1,104,000 after purchasing an additional 358 shares during the last quarter. Finally, Lowe Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth approximately $25,000.

SPDR S&P Regional Banking ETF Trading Up 0.1 %

Shares of NYSEARCA KRE opened at $61.01 on Wednesday. SPDR S&P Regional Banking ETF has a 12-month low of $45.46 and a 12-month high of $70.25. The company has a market cap of $4.66 billion, a price-to-earnings ratio of 13.97 and a beta of 1.11. The stock’s 50 day simple moving average is $62.22 and its 200 day simple moving average is $60.66.

SPDR S&P Regional Banking ETF Company 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.