Summit Securities Group LLC Purchases 16,354 Shares of SPDR S&P Regional Banking ETF $KRE

Summit Securities Group LLC increased its position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 216.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,919 shares of the exchange traded fund’s stock after purchasing an additional 16,354 shares during the period. SPDR S&P Regional Banking ETF accounts for 0.2% of Summit Securities Group LLC’s portfolio, making the stock its 26th biggest position. Summit Securities Group LLC’s holdings in SPDR S&P Regional Banking ETF were worth $1,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Arax Advisory Partners bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter valued at $25,000. Aventura Private Wealth LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $26,000. UMB Bank n.a. bought a new position in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $52,000. KERR FINANCIAL PLANNING Corp purchased a new position in SPDR S&P Regional Banking ETF during the 3rd quarter valued at about $63,000. Finally, Assetmark Inc. lifted its position in SPDR S&P Regional Banking ETF by 207.0% during the 4th quarter. Assetmark Inc. now owns 1,059 shares of the exchange traded fund’s stock valued at $69,000 after acquiring an additional 714 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA:KRE opened at $74.65 on Friday. SPDR S&P Regional Banking ETF has a one year low of $57.55 and a one year high of $76.84. The company’s 50-day simple moving average is $71.14 and its 200 day simple moving average is $68.93. The firm has a market capitalization of $5.17 billion, a P/E 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.