Grandview Asset Management LLC Makes New Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Grandview Asset Management LLC purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,015 shares of the exchange traded fund’s stock, valued at approximately $1,630,000.

Several other hedge funds have also recently modified their holdings of KRE. Lowe Wealth Advisors LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth $25,000. Larson Financial Group LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter valued at about $57,000. Future Financial Wealth Managment LLC acquired a new stake in SPDR S&P Regional Banking ETF in the third quarter worth about $58,000. Bristlecone Advisors LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF during the third quarter worth about $68,000. Finally, Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of SPDR S&P Regional Banking ETF by 106.4% during the third quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,105 shares of the exchange traded fund’s stock valued at $119,000 after acquiring an additional 1,085 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Up 1.5 %

KRE stock opened at $59.18 on Tuesday. The firm has a 50 day moving average of $63.81 and a 200 day moving average of $58.41. The stock has a market capitalization of $3.16 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 52 week low of $45.46 and a 52 week high of $70.25.

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.