GFG Capital LLC Takes Position in SPDR S&P Regional Banking ETF (NYSEARCA:KRE)

GFG Capital 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 Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,944 shares of the exchange traded fund’s stock, valued at approximately $540,000.

Several other hedge funds have also recently added to or reduced their stakes in KRE. Gries Financial LLC acquired a new stake in shares of SPDR S&P Regional Banking ETF during the fourth quarter worth about $641,000. Wealthcare Advisory Partners LLC raised its position in shares of SPDR S&P Regional Banking ETF by 25.4% during the fourth quarter. Wealthcare Advisory Partners LLC now owns 11,096 shares of the exchange traded fund’s stock worth $670,000 after purchasing an additional 2,251 shares during the period. CENTRAL TRUST Co raised its position in shares of SPDR S&P Regional Banking ETF by 28.6% during the fourth quarter. CENTRAL TRUST Co now owns 1,923 shares of the exchange traded fund’s stock worth $116,000 after purchasing an additional 428 shares during the period. Toth Financial Advisory Corp raised its position in shares of SPDR S&P Regional Banking ETF by 20.3% during the third quarter. Toth Financial Advisory Corp now owns 4,270 shares of the exchange traded fund’s stock worth $242,000 after purchasing an additional 721 shares during the period. Finally, Stephens Inc. AR raised its position in shares of SPDR S&P Regional Banking ETF by 5.2% during the third quarter. Stephens Inc. AR now owns 25,767 shares of the exchange traded fund’s stock worth $1,458,000 after purchasing an additional 1,270 shares during the period.

SPDR S&P Regional Banking ETF Price Performance

NYSEARCA KRE opened at $63.69 on Friday. The firm has a market cap of $3.40 billion, a P/E ratio of 8.36 and a beta of 1.56. The stock’s 50-day moving average is $62.59 and its 200-day moving average is $60.12. SPDR S&P Regional Banking ETF has a one year low of $45.46 and a one year 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.