Harbor Investment Advisory LLC Makes New $1.33 Million Investment in SPDR S&P Regional Banking ETF $KRE

Harbor Investment Advisory LLC acquired a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 2nd quarter, HoldingsChannel reports. The firm acquired 17,838 shares of the exchange traded fund’s stock, valued at approximately $1,335,000.

Other institutional investors also recently modified their holdings of the company. Valley Wealth Managers Inc. lifted its position in SPDR S&P Regional Banking ETF by 19,594,500.0% during the 4th quarter. Valley Wealth Managers Inc. now owns 195,946 shares of the exchange traded fund’s stock worth $12,699,000 after buying an additional 195,945 shares in the last quarter. Renaissance Technologies LLC grew its holdings in SPDR S&P Regional Banking ETF by 21.0% during the 1st quarter. Renaissance Technologies LLC now owns 141,900 shares of the exchange traded fund’s stock worth $9,245,000 after acquiring an additional 24,600 shares during the last quarter. Summit Securities Group LLC increased its position in SPDR S&P Regional Banking ETF by 216.2% in the 1st quarter. Summit Securities Group LLC now owns 23,919 shares of the exchange traded fund’s stock valued at $1,558,000 after acquiring an additional 16,354 shares in the last quarter. M&T Bank Corp increased its position in SPDR S&P Regional Banking ETF by 160.0% in the 4th quarter. M&T Bank Corp now owns 16,615 shares of the exchange traded fund’s stock valued at $1,077,000 after acquiring an additional 10,224 shares in the last quarter. Finally, D.A. Davidson & CO. bought a new position in shares of SPDR S&P Regional Banking ETF in the first quarter worth about $1,496,000.

SPDR S&P Regional Banking ETF Trading Down 0.6%

Shares of NYSEARCA KRE opened at $77.34 on Thursday. SPDR S&P Regional Banking ETF has a 1-year low of $57.55 and a 1-year high of $78.35. The company has a 50-day moving average of $73.87 and a two-hundred day moving average of $70.22. The company has a market cap of $4.71 billion, a PE ratio of 12.39 and a beta of 0.84.

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.