Focus Financial Network Inc. Buys Shares of 14,278 SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

Focus Financial Network Inc. purchased a new position in shares of SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 14,278 shares of the exchange traded fund’s stock, valued at approximately $862,000.

Other large investors have also made changes to their positions in the company. Ocean Park Asset Management LLC raised its position in SPDR S&P Regional Banking ETF by 33.0% during the fourth quarter. Ocean Park Asset Management LLC now owns 276,744 shares of the exchange traded fund’s stock valued at $16,702,000 after purchasing an additional 68,641 shares in the last quarter. Stephens Inc. AR increased its stake in shares of SPDR S&P Regional Banking ETF by 2.9% in the 4th quarter. Stephens Inc. AR now owns 26,525 shares of the exchange traded fund’s stock valued at $1,601,000 after purchasing an additional 758 shares during the last quarter. Empowered Funds LLC acquired a new position in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth $1,550,000. Apollon Wealth Management LLC bought a new stake in shares of SPDR S&P Regional Banking ETF during the 4th quarter worth $314,000. Finally, Silver Oak Securities Incorporated boosted its stake in SPDR S&P Regional Banking ETF by 243.8% in the fourth quarter. Silver Oak Securities Incorporated now owns 13,570 shares of the exchange traded fund’s stock valued at $820,000 after buying an additional 9,623 shares in the last quarter.

SPDR S&P Regional Banking ETF Stock Down 2.3 %

SPDR S&P Regional Banking ETF stock opened at $63.41 on Thursday. The stock has a market cap of $3.39 billion, a PE ratio of 8.36 and a beta of 1.56. SPDR S&P Regional Banking ETF has a 12-month low of $45.46 and a 12-month high of $70.25. The business’s 50-day moving average price is $62.65 and its two-hundred day moving average price is $60.10.

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.