Kolinsky Wealth Management LLC Invests $215,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Kolinsky Wealth Management LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the third quarter, HoldingsChannel reports. The institutional investor acquired 3,807 shares of the exchange traded fund’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in KRE. Silver Lake Advisory LLC purchased a new stake in SPDR S&P Regional Banking ETF in the 2nd quarter worth approximately $229,000. One Capital Management LLC grew its position in shares of SPDR S&P Regional Banking ETF by 9.8% in the second quarter. One Capital Management LLC now owns 190,334 shares of the exchange traded fund’s stock valued at $9,345,000 after purchasing an additional 17,031 shares during the period. Private Advisor Group LLC increased its stake in SPDR S&P Regional Banking ETF by 10.1% in the second quarter. Private Advisor Group LLC now owns 16,528 shares of the exchange traded fund’s stock valued at $812,000 after purchasing an additional 1,520 shares during the last quarter. Savant Capital LLC lifted its position in SPDR S&P Regional Banking ETF by 10.0% during the second quarter. Savant Capital LLC now owns 10,992 shares of the exchange traded fund’s stock worth $540,000 after buying an additional 1,000 shares during the period. Finally, Toth Financial Advisory Corp boosted its stake in SPDR S&P Regional Banking ETF by 20.3% in the 3rd quarter. Toth Financial Advisory Corp now owns 4,270 shares of the exchange traded fund’s stock worth $242,000 after buying an additional 721 shares during the last quarter.

SPDR S&P Regional Banking ETF Price Performance

KRE opened at $67.73 on Friday. SPDR S&P Regional Banking ETF has a 12 month low of $44.65 and a 12 month high of $70.25. The business has a 50-day moving average of $60.59 and a two-hundred day moving average of $55.16. The stock has a market capitalization of $3.62 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

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.