MML Investors Services LLC Grows Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

MML Investors Services LLC lifted its stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 274.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,291 shares of the exchange traded fund’s stock after buying an additional 38,342 shares during the quarter. MML Investors Services LLC owned approximately 0.10% of SPDR S&P Regional Banking ETF worth $2,960,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of KRE. Larson Financial Group LLC purchased a new position in shares of SPDR S&P Regional Banking ETF in the third quarter worth $57,000. Future Financial Wealth Managment LLC purchased a new stake in SPDR S&P Regional Banking ETF during the third quarter valued at $58,000. Family Firm Inc. purchased a new stake in SPDR S&P Regional Banking ETF during the second quarter valued at $60,000. Bristlecone Advisors LLC purchased a new stake in SPDR S&P Regional Banking ETF during the third quarter valued at $68,000. Finally, Key Financial Inc raised its stake in SPDR S&P Regional Banking ETF by 1,760.0% during the second quarter. Key Financial Inc now owns 1,860 shares of the exchange traded fund’s stock valued at $91,000 after purchasing an additional 1,760 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Down 0.4 %

SPDR S&P Regional Banking ETF stock opened at $64.77 on Friday. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The firm’s fifty day moving average is $62.86 and its 200 day moving average is $56.44. SPDR S&P Regional Banking ETF has a 52-week low of $45.46 and a 52-week high of $70.25.

About SPDR S&P Regional Banking ETF

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.