Valley National Advisers Inc. Buys 1,718 Shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Valley National Advisers Inc. lifted its stake in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) by 135.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,982 shares of the exchange traded fund’s stock after acquiring an additional 1,718 shares during the period. Valley National Advisers Inc.’s holdings in SPDR S&P Regional Banking ETF were worth $179,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KRE. Holocene Advisors LP boosted its position in SPDR S&P Regional Banking ETF by 142.6% during the 3rd quarter. Holocene Advisors LP now owns 529,379 shares of the exchange traded fund’s stock worth $29,963,000 after acquiring an additional 311,147 shares during the last quarter. EP Wealth Advisors LLC boosted its holdings in SPDR S&P Regional Banking ETF by 1,910.8% during the third quarter. EP Wealth Advisors LLC now owns 449,844 shares of the exchange traded fund’s stock worth $25,461,000 after purchasing an additional 427,473 shares during the last quarter. SMI Advisory Services LLC acquired a new stake in SPDR S&P Regional Banking ETF in the 3rd quarter valued at $20,777,000. Goodman Financial Corp increased its stake in SPDR S&P Regional Banking ETF by 0.6% in the 3rd quarter. Goodman Financial Corp now owns 371,371 shares of the exchange traded fund’s stock valued at $21,019,000 after buying an additional 2,159 shares during the last quarter. Finally, Parcion Private Wealth LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 3rd quarter worth about $14,189,000.

SPDR S&P Regional Banking ETF Price Performance

Shares of NYSEARCA KRE opened at $64.16 on Monday. The business has a 50-day moving average of $63.19 and a 200-day moving average of $59.72. The stock has a market capitalization of $3.43 billion, a price-to-earnings ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a fifty-two week low of $45.46 and a fifty-two week high of $70.25.

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.