PNC Financial Services Group Inc. Increases Holdings in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

PNC Financial Services Group Inc. raised its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 5.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 130,164 shares of the exchange traded fund’s stock after buying an additional 6,385 shares during the period. PNC Financial Services Group Inc. owned about 0.24% of SPDR S&P Regional Banking ETF worth $7,855,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in KRE. Lowe Wealth Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at $25,000. Kohmann Bosshard Financial Services LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at $26,000. Valley Wealth Managers Inc. grew its position in shares of SPDR S&P Regional Banking ETF by 22,750.0% during the 4th quarter. Valley Wealth Managers Inc. now owns 457 shares of the exchange traded fund’s stock valued at $28,000 after acquiring an additional 455 shares during the period. Heck Capital Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at $32,000. Finally, Larson Financial Group LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 3rd quarter valued at $57,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of KRE stock opened at $55.11 on Wednesday. The company has a market cap of $4.21 billion, a price-to-earnings ratio of 13.97 and a beta of 1.11. The firm has a fifty day moving average price of $61.88 and a 200-day moving average price of $60.98. SPDR S&P Regional Banking ETF has a 1 year low of $45.46 and a 1 year 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.