Family Firm Inc. Makes New $60,000 Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Family Firm Inc. purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 2nd quarter, HoldingsChannel reports. The firm purchased 1,216 shares of the exchange traded fund’s stock, valued at approximately $60,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in KRE. Transcendent Capital Group LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 4th quarter valued at approximately $26,000. Clear Point Advisors Inc. acquired a new position in shares of SPDR S&P Regional Banking ETF during the first quarter worth approximately $44,000. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of SPDR S&P Regional Banking ETF in the second quarter valued at approximately $50,000. Founders Financial Alliance LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter worth $52,000. Finally, Vestor Capital LLC bought a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth $54,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $57.73 on Friday. The company has a market cap of $3.08 billion, a PE ratio of 8.36 and a beta of 1.56. The firm has a fifty day moving average price of $52.52 and a two-hundred day moving average price of $49.85. SPDR S&P Regional Banking ETF has a fifty-two week low of $37.66 and a fifty-two week high of $59.59.

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.