Clear Creek Financial Management LLC Makes New $238,000 Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Clear Creek Financial Management LLC purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 4,209 shares of the exchange traded fund’s stock, valued at approximately $238,000.

Several other institutional investors also recently added to or reduced their stakes in KRE. Geneos Wealth Management Inc. increased its position in SPDR S&P Regional Banking ETF by 12.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 29,903 shares of the exchange traded fund’s stock worth $1,504,000 after buying an additional 3,425 shares during the period. SPC Financial Inc. lifted its position in SPDR S&P Regional Banking ETF by 8.4% in the first quarter. SPC Financial Inc. now owns 11,620 shares of the exchange traded fund’s stock worth $584,000 after purchasing an additional 900 shares during the period. Retirement Planning Co of New England Inc. boosted its stake in SPDR S&P Regional Banking ETF by 6.3% during the first quarter. Retirement Planning Co of New England Inc. now owns 6,651 shares of the exchange traded fund’s stock worth $334,000 after buying an additional 392 shares in the last quarter. Capital Square LLC bought a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at $251,000. Finally, SageView Advisory Group LLC bought a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at $163,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of SPDR S&P Regional Banking ETF stock opened at $58.13 on Tuesday. The firm has a market capitalization of $3.10 billion, a PE ratio of 8.36 and a beta of 1.56. The company’s fifty day moving average price is $57.08 and its two-hundred day moving average price is $52.98. SPDR S&P Regional Banking ETF has a 52-week low of $40.76 and a 52-week high of $60.82.

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.