Independent Financial Group LLC Takes Position in SPDR S&P Regional Banking ETF $KRE

Independent Financial Group LLC purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 12,773 shares of the exchange traded fund’s stock, valued at approximately $832,000.

Several other institutional investors have also recently bought and sold shares of KRE. Cresset Asset Management LLC bought a new position in SPDR S&P Regional Banking ETF in the 2nd quarter valued at $343,000. Cerity Partners LLC raised its position in shares of SPDR S&P Regional Banking ETF by 0.7% during the second quarter. Cerity Partners LLC now owns 74,312 shares of the exchange traded fund’s stock worth $4,413,000 after acquiring an additional 505 shares during the last quarter. Engineers Gate Manager LP acquired a new position in shares of SPDR S&P Regional Banking ETF during the second quarter valued at $2,058,000. HRT Financial LP acquired a new position in shares of SPDR S&P Regional Banking ETF during the second quarter valued at $2,900,000. Finally, Man Group plc boosted its holdings in SPDR S&P Regional Banking ETF by 607.1% in the second quarter. Man Group plc now owns 48,681 shares of the exchange traded fund’s stock valued at $2,891,000 after acquiring an additional 58,281 shares during the last quarter.

SPDR S&P Regional Banking ETF Stock Up 0.1%

SPDR S&P Regional Banking ETF stock opened at $75.98 on Wednesday. The business’s 50-day simple moving average is $72.17 and its 200 day simple moving average is $69.48. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 12.39 and a beta of 0.84. SPDR S&P Regional Banking ETF has a 12-month low of $57.55 and a 12-month high of $78.10.

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.