1858 Wealth Management LLC Purchases Shares of 15,286 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

1858 Wealth Management LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the third quarter, Holdings Channel.com reports. The firm acquired 15,286 shares of the exchange traded fund’s stock, valued at approximately $865,000.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Wellington Management Group LLP boosted its holdings in SPDR S&P Regional Banking ETF by 47.8% during the fourth quarter. Wellington Management Group LLP now owns 540,480 shares of the exchange traded fund’s stock worth $28,337,000 after buying an additional 174,850 shares in the last quarter. Quadrature Capital Ltd purchased a new position in SPDR S&P Regional Banking ETF during the fourth quarter worth approximately $349,000. Banque Cantonale Vaudoise increased its position in shares of SPDR S&P Regional Banking ETF by 5.3% in the first quarter. Banque Cantonale Vaudoise now owns 5,194 shares of the exchange traded fund’s stock valued at $261,000 after buying an additional 262 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of SPDR S&P Regional Banking ETF by 237.2% during the 1st quarter. International Assets Investment Management LLC now owns 17,506 shares of the exchange traded fund’s stock valued at $863,000 after buying an additional 12,315 shares in the last quarter. Finally, Global Assets Advisory LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 1st quarter valued at $627,000.

SPDR S&P Regional Banking ETF Trading Down 2.3 %

KRE traded down $1.38 during midday trading on Monday, hitting $58.26. 10,557,081 shares of the company traded hands, compared to its average volume of 14,191,872. The business has a 50 day simple moving average of $56.20 and a two-hundred day simple moving average of $52.17. SPDR S&P Regional Banking ETF has a 52-week low of $37.66 and a 52-week high of $60.61. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

SPDR S&P Regional Banking ETF 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.