Providence First Trust Co Takes Position in SPDR S&P Regional Banking ETF $KRE

Providence First Trust Co bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 11,350 shares of the exchange traded fund’s stock, valued at approximately $736,000.

A number of other hedge funds have also recently added to or reduced their stakes in KRE. Aventura Private Wealth LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth $26,000. Realta Investment Advisors purchased a new position in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth $27,000. Grey Fox Wealth Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF in the third quarter valued at $35,000. Accent Capital Management LLC grew its position in SPDR S&P Regional Banking ETF by 100.0% during the third quarter. Accent Capital Management LLC now owns 600 shares of the exchange traded fund’s stock valued at $38,000 after acquiring an additional 300 shares during the period. Finally, Mountain Hill Investment Partners Corp. purchased a new stake in SPDR S&P Regional Banking ETF during the third quarter valued at about $39,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA:KRE opened at $69.92 on Wednesday. The business has a 50-day moving average of $66.94 and a two-hundred day moving average of $66.00. The firm has a market capitalization of $4.21 billion, a PE ratio of 12.39 and a beta of 0.86. SPDR S&P Regional Banking ETF has a 12 month low of $55.05 and a 12 month high of $74.08.

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.