D. Scott Neal Inc. Makes New Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

D. Scott Neal Inc. acquired a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 107,501 shares of the exchange traded fund’s stock, valued at approximately $6,488,000. SPDR S&P Regional Banking ETF accounts for about 3.6% of D. Scott Neal Inc.’s portfolio, making the stock its 9th largest holding. D. Scott Neal Inc. owned approximately 0.20% of SPDR S&P Regional Banking ETF as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Lowe Wealth Advisors LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter worth about $25,000. Larson Financial Group LLC bought a new stake in SPDR S&P Regional Banking ETF during the 3rd quarter worth approximately $57,000. Future Financial Wealth Managment LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the third quarter worth approximately $58,000. Bristlecone Advisors LLC bought a new position in shares of SPDR S&P Regional Banking ETF in the third quarter valued at approximately $68,000. Finally, Armstrong Advisory Group Inc. boosted its position in shares of SPDR S&P Regional Banking ETF by 25.7% during the fourth quarter. Armstrong Advisory Group Inc. now owns 1,246 shares of the exchange traded fund’s stock valued at $75,000 after buying an additional 255 shares during the last quarter.

SPDR S&P Regional Banking ETF Trading Up 2.5 %

NYSEARCA KRE opened at $62.73 on Thursday. The business has a fifty day simple moving average of $63.87 and a 200 day simple moving average of $58.57. SPDR S&P Regional Banking ETF has a 12 month low of $45.46 and a 12 month high of $70.25. The firm has a market capitalization of $3.35 billion, a P/E 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.