Custom Index Systems LLC Invests $412,000 in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Custom Index Systems LLC purchased a new position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,835 shares of the exchange traded fund’s stock, valued at approximately $412,000.

Other institutional investors also recently added to or reduced their stakes in the company. Lowe Wealth Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the fourth quarter valued at about $25,000. Heck Capital Advisors LLC bought a new stake in shares of SPDR S&P Regional Banking ETF in the 4th quarter valued at about $32,000. Larson Financial Group LLC purchased a new stake in shares of SPDR S&P Regional Banking ETF in the 3rd quarter worth approximately $57,000. Future Financial Wealth Managment LLC bought a new position in shares of SPDR S&P Regional Banking ETF during the third quarter valued at approximately $58,000. Finally, New Wave Wealth Advisors LLC purchased a new position in SPDR S&P Regional Banking ETF during the fourth quarter valued at approximately $67,000.

SPDR S&P Regional Banking ETF Stock Down 0.2 %

Shares of NYSEARCA:KRE opened at $64.16 on Friday. The company has a market capitalization of $3.43 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. The firm has a 50 day moving average of $63.19 and a 200 day moving average of $59.68. SPDR S&P Regional Banking ETF has a 52 week low of $45.46 and a 52 week high of $70.25.

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.