Concentric Capital Strategies LP acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 48,429 shares of the exchange traded fund’s stock, valued at approximately $2,741,000.
Other institutional investors have also added to or reduced their stakes in the company. Larson Financial Group LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth approximately $57,000. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in SPDR S&P Regional Banking ETF in the second quarter worth approximately $50,000. Future Financial Wealth Managment LLC bought a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $58,000. Bristlecone Advisors LLC purchased a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter valued at $68,000. Finally, Family Firm Inc. purchased a new stake in SPDR S&P Regional Banking ETF during the 2nd quarter valued at $60,000.
SPDR S&P Regional Banking ETF Price Performance
KRE stock opened at $67.08 on Tuesday. SPDR S&P Regional Banking ETF has a 1 year low of $45.46 and a 1 year high of $70.25. The company has a market cap of $3.58 billion, a P/E ratio of 8.36 and a beta of 1.56. The stock’s fifty day moving average price is $60.79 and its 200-day moving average price is $55.34.
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.
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