Daymark Wealth Partners LLC Invests $380,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Daymark Wealth Partners LLC bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,304 shares of the exchange traded fund’s stock, valued at approximately $380,000.

Several other hedge funds also recently made changes to their positions in KRE. Main Management ETF Advisors LLC lifted its position in SPDR S&P Regional Banking ETF by 2.6% during the second quarter. Main Management ETF Advisors LLC now owns 2,538,750 shares of the exchange traded fund’s stock valued at $124,653,000 after buying an additional 63,750 shares during the period. Toronto Dominion Bank increased its stake in shares of SPDR S&P Regional Banking ETF by 195.9% in the 2nd quarter. Toronto Dominion Bank now owns 754,500 shares of the exchange traded fund’s stock worth $37,046,000 after acquiring an additional 499,500 shares in the last quarter. Holocene Advisors LP lifted its position in SPDR S&P Regional Banking ETF by 142.6% during the 3rd quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock valued at $29,963,000 after acquiring an additional 311,147 shares during the period. EP Wealth Advisors LLC boosted its stake in SPDR S&P Regional Banking ETF by 1,910.8% during the third quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock worth $25,461,000 after acquiring an additional 427,473 shares in the last quarter. Finally, SMI Advisory Services LLC purchased a new stake in SPDR S&P Regional Banking ETF in the third quarter worth about $20,777,000.

SPDR S&P Regional Banking ETF Stock Performance

Shares of NYSEARCA KRE opened at $62.86 on Friday. The company has a 50 day simple moving average of $63.44 and a two-hundred day simple moving average of $59.13. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25. The company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

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.