DAVENPORT & Co LLC Makes New $14.87 Million Investment in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

DAVENPORT & Co LLC bought a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 246,371 shares of the exchange traded fund’s stock, valued at approximately $14,868,000. DAVENPORT & Co LLC owned approximately 0.46% of SPDR S&P Regional Banking ETF as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Truist Financial Corp boosted its position in shares of SPDR S&P Regional Banking ETF by 0.5% in the 2nd quarter. Truist Financial Corp now owns 199,914 shares of the exchange traded fund’s stock worth $9,816,000 after buying an additional 1,006 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in SPDR S&P Regional Banking ETF during the second quarter worth about $2,674,000. Centaurus Financial Inc. lifted its holdings in shares of SPDR S&P Regional Banking ETF by 6.0% in the second quarter. Centaurus Financial Inc. now owns 9,424 shares of the exchange traded fund’s stock valued at $463,000 after purchasing an additional 531 shares in the last quarter. Miracle Mile Advisors LLC grew its position in shares of SPDR S&P Regional Banking ETF by 46.7% in the third quarter. Miracle Mile Advisors LLC now owns 6,282 shares of the exchange traded fund’s stock valued at $356,000 after purchasing an additional 2,000 shares during the last quarter. Finally, KWB Wealth increased its stake in shares of SPDR S&P Regional Banking ETF by 8.6% during the 3rd quarter. KWB Wealth now owns 8,712 shares of the exchange traded fund’s stock worth $493,000 after purchasing an additional 689 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Down 0.2 %

NYSEARCA KRE opened at $64.16 on Monday. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25. The business has a fifty day moving average of $63.19 and a 200-day moving average of $59.72. The stock has a market cap of $3.43 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56.

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.